Minnesota · FIPS 27027 · HUD FY 2027
Clay County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Clay County is $1,104 a month (rent plus utilities), 27% below the Minnesota average of $1,507 and 37% below the U.S. average of $1,761. That is down $8 (0.7%) from FY 2026. At 30% of income, a household needs about $44,160 a year to afford it.
- $1,1042-bedroom FMR−$8 (−0.7%) vs FY 2026
- $9031-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $44,160Income for a 2-bedroom$21/hour full-time
- 33 of 872BR rank in Minnesota1 = highest rent
| Unit | Clay County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $781 | $768 | +$13 (+1.7%) | $1,102 | $1,379 | $31,240 |
| 1 bedroom | $903 | $917 | −$14 (−1.5%) | $1,231 | $1,478 | $36,120 |
| 2 bedrooms | $1,104 | $1,112 | −$8 (−0.7%) | $1,507 | $1,761 | $44,160 |
| 3 bedrooms | $1,529 | $1,547 | −$18 (−1.2%) | $1,980 | $2,266 | $61,160 |
| 4 bedrooms | $1,845 | $1,865 | −$20 (−1.1%) | $2,243 | $2,607 | $73,800 |
How Clay County compares
- HUD sets this rent for the Fargo, ND-MN metro FMR area, which covers 259,459 residents in 2 counties.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $781, $903, $1,104, $1,529, $1,845. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 13 ZIP codes mostly in Clay County (by land area), the 2-bedroom figure ranges from $1,010 to $1,190.
Small Area FMRs by ZIP code in Clay County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 56514 | $720 | $840 | $1,020 | $1,420 | $1,680 | +$10 (+1.0%) | 8% below |
| 56525 | $840 | $970 | $1,190 | $1,650 | $1,990 | +$20 (+1.7%) | 8% above |
| 56529 | $830 | $970 | $1,180 | $1,630 | $1,970 | +$30 (+2.6%) | 7% above |
| 56536 | $720 | $830 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | 9% below |
| 56546 | $830 | $970 | $1,180 | $1,630 | $1,970 | −$110 (−8.5%) | 7% above |
| 56547 | $750 | $870 | $1,060 | $1,470 | $1,770 | +$30 (+2.9%) | 4% below |
| 56549 | $720 | $830 | $1,010 | $1,410 | $1,700 | +$30 (+3.1%) | 9% below |
| 56552 | $720 | $810 | $1,010 | $1,390 | $1,630 | +$40 (+4.1%) | 9% below |
| 56560 | $840 | $970 | $1,190 | $1,650 | $1,990 | +$20 (+1.7%) | 8% above |
| 56562 | $840 | $970 | $1,190 | $1,650 | $1,990 | +$20 (+1.7%) | 8% above |
| 56563 | $840 | $970 | $1,190 | $1,650 | $1,990 | +$20 (+1.7%) | 8% above |
| 56580 | $720 | $830 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | 9% below |
| 56585 | $720 | $820 | $1,010 | $1,400 | $1,670 | +$40 (+4.1%) | 9% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.