FY2027 Small Area FMR · Squaw Lake, MN

ZIP 56681 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56681 (Squaw Lake, MN) is $1,010 a month, up 4.1% from FY2026. That is 13% below the Itasca County, MN area-wide FMR of $1,164.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,164Itasca County, MN

Rank in the area28thof 33 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$710▲ 4.4%

1 BR$810▲ 3.8%

2 BR$1,010▲ 4.1%

3 BR$1,320▲ 3.9%

4 BR$1,430▲ 4.4%

FY2027 FY2026

Where 56681 sits in the Itasca County, MN area

Of the 33 ZIP codes HUD lists for the area, 56681 has the 28th highest two-bedroom Small Area FMR. Itasca County, MN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,164 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$710	$639 – $781	$811	$680
1 bedroom	$810	$729 – $891	$924	$780
2 bedrooms	$1,010	$909 – $1,111	$1,164	$970
3 bedrooms	$1,320	$1,188 – $1,452	$1,509	$1,270
4 bedrooms	$1,430	$1,287 – $1,573	$1,635	$1,370

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $92,900 and the 80% low-income limit for four people is $78,400. ZIP code 56681 lies mainly in Itasca County. See the Itasca County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56659	Max	10.7 mi	$1,020
56680	Spring Lake	13.6 mi	$1,020
56663	Pennington	14.0 mi	$1,040
56630	Blackduck	15.6 mi	$1,030
56661	Northome	17.2 mi	$1,090
56647	Hines	18.4 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 56681?

HUD's FY2027 Small Area Fair Market Rents for 56681 are $710 (studio), $810 (1 BR), $1,010 (2 BR), $1,320 (3 BR) and $1,430 (4 BR) a month.

What is the Section 8 payment standard in 56681?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56681 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56681?

The FY2026 income limits of the Itasca County, MN area apply: median family income $92,900, low-income (80%) limit $78,400 for a family of four.