Minnesota · FIPS 27053 · HUD FY 2027
Hennepin County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Hennepin County is $1,734 a month (rent plus utilities), 15% above the Minnesota average of $1,507 and 2% below the U.S. average of $1,761. That is up $25 (1.5%) from FY 2026. At 30% of income, a household needs about $69,360 a year to afford it.
- $1,7342-bedroom FMR+$25 (+1.5%) vs FY 2026
- $1,4271-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $69,360Income for a 2-bedroom$33/hour full-time
- 1 of 872BR rank in Minnesota1 = highest rent
| Unit | Hennepin County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,265 | $1,242 | +$23 (+1.9%) | $1,102 | $1,379 | $50,600 |
| 1 bedroom | $1,427 | $1,405 | +$22 (+1.6%) | $1,231 | $1,478 | $57,080 |
| 2 bedrooms | $1,734 | $1,709 | +$25 (+1.5%) | $1,507 | $1,761 | $69,360 |
| 3 bedrooms | $2,264 | $2,262 | +$2 (+0.1%) | $1,980 | $2,266 | $90,560 |
| 4 bedrooms | $2,538 | $2,531 | +$7 (+0.3%) | $2,243 | $2,607 | $101,520 |
How Hennepin County compares
- HUD sets this rent for the Minneapolis-St. Paul-Bloomington, MN-WI metro FMR area, which covers 3,657,430 residents in 13 counties.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $1,265, $1,427, $1,734, $2,264, $2,538. 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 67 ZIP codes mostly in Hennepin County (by land area), the 2-bedroom figure ranges from $1,540 to $2,600.
Small Area FMRs by ZIP code in Hennepin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 55111 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55305 | $1,550 | $1,750 | $2,130 | $2,780 | $3,120 | +$10 (+0.5%) | 23% above |
| 55311 | $1,630 | $1,840 | $2,240 | $2,920 | $3,280 | no change | 29% above |
| 55316 | $1,420 | $1,600 | $1,950 | $2,550 | $2,850 | +$40 (+2.1%) | 12% above |
| 55327 | $1,140 | $1,280 | $1,560 | $2,040 | $2,280 | −$20 (−1.3%) | 10% below |
| 55331 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55340 | $1,370 | $1,540 | $1,880 | $2,450 | $2,750 | −$160 (−7.8%) | 8% above |
| 55343 | $1,380 | $1,560 | $1,890 | $2,470 | $2,770 | +$90 (+5.0%) | 9% above |
| 55344 | $1,550 | $1,750 | $2,130 | $2,780 | $3,120 | +$50 (+2.4%) | 23% above |
| 55345 | $1,390 | $1,570 | $1,910 | $2,490 | $2,800 | −$10 (−0.5%) | 10% above |
| 55346 | $1,660 | $1,870 | $2,270 | $2,960 | $3,320 | +$10 (+0.4%) | 31% above |
| 55347 | $1,740 | $1,970 | $2,390 | $3,120 | $3,500 | +$20 (+0.8%) | 38% above |
| 55356 | $1,620 | $1,830 | $2,220 | $2,900 | $3,250 | +$30 (+1.4%) | 28% above |
| 55357 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55359 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55364 | $1,150 | $1,300 | $1,580 | $2,060 | $2,310 | −$20 (−1.2%) | 9% below |
| 55369 | $1,580 | $1,780 | $2,160 | $2,820 | $3,160 | −$20 (−0.9%) | 25% above |
| 55373 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$10 (+0.7%) | 11% below |
| 55374 | $1,430 | $1,610 | $1,960 | $2,560 | $2,870 | +$120 (+6.5%) | 13% above |
| 55375 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55384 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$10 (+0.7%) | 11% below |
| 55391 | $1,430 | $1,610 | $1,960 | $2,560 | $2,870 | +$10 (+0.5%) | 13% above |
| 55401 | $1,900 | $2,140 | $2,600 | $3,390 | $3,810 | +$40 (+1.6%) | 50% above |
| 55402 | $1,490 | $1,680 | $2,040 | $2,660 | $2,990 | −$110 (−5.1%) | 18% above |
| 55403 | $1,280 | $1,450 | $1,760 | $2,300 | $2,580 | +$60 (+3.5%) | 1% above |
| 55404 | $1,190 | $1,340 | $1,630 | $2,130 | $2,390 | +$50 (+3.2%) | 6% below |
| 55405 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | −$90 (−5.5%) | 11% below |
| 55406 | $1,250 | $1,410 | $1,710 | $2,230 | $2,500 | +$70 (+4.3%) | 1% below |
| 55407 | $1,140 | $1,280 | $1,560 | $2,040 | $2,280 | +$40 (+2.6%) | 10% below |
| 55408 | $1,440 | $1,630 | $1,980 | $2,590 | $2,900 | +$70 (+3.7%) | 14% above |
| 55409 | $1,200 | $1,360 | $1,650 | $2,150 | $2,410 | no change | 5% below |
| 55410 | $1,490 | $1,680 | $2,040 | $2,660 | $2,990 | +$60 (+3.0%) | 18% above |
| 55411 | $1,230 | $1,390 | $1,690 | $2,210 | $2,470 | +$70 (+4.3%) | 3% below |
| 55412 | $1,290 | $1,460 | $1,770 | $2,310 | $2,590 | +$10 (+0.6%) | 2% above |
| 55413 | $1,420 | $1,600 | $1,950 | $2,550 | $2,850 | +$120 (+6.6%) | 12% above |
| 55414 | $1,240 | $1,400 | $1,700 | $2,220 | $2,490 | no change | 2% below |
| 55415 | $1,750 | $1,980 | $2,400 | $3,130 | $3,510 | −$100 (−4.0%) | 38% above |
| 55416 | $1,660 | $1,880 | $2,280 | $2,980 | $3,340 | +$120 (+5.6%) | 31% above |
| 55417 | $1,250 | $1,420 | $1,720 | $2,250 | $2,520 | +$30 (+1.8%) | 1% below |
| 55418 | $1,350 | $1,520 | $1,850 | $2,420 | $2,710 | +$130 (+7.6%) | 7% above |
| 55419 | $1,370 | $1,550 | $1,880 | $2,450 | $2,750 | +$40 (+2.2%) | 8% above |
| 55420 | $1,160 | $1,310 | $1,590 | $2,080 | $2,330 | no change | 8% below |
| 55422 | $1,380 | $1,560 | $1,890 | $2,470 | $2,770 | +$70 (+3.8%) | 9% above |
| 55423 | $1,270 | $1,430 | $1,740 | $2,270 | $2,550 | +$80 (+4.8%) | about the same as |
| 55424 | $1,670 | $1,880 | $2,290 | $2,990 | $3,350 | +$40 (+1.8%) | 32% above |
| 55425 | $1,340 | $1,510 | $1,840 | $2,400 | $2,690 | +$50 (+2.8%) | 6% above |
| 55426 | $1,340 | $1,510 | $1,830 | $2,390 | $2,680 | +$50 (+2.8%) | 6% above |
| 55427 | $1,300 | $1,460 | $1,780 | $2,320 | $2,610 | +$40 (+2.3%) | 3% above |
| 55428 | $1,150 | $1,300 | $1,580 | $2,060 | $2,310 | +$20 (+1.3%) | 9% below |
| 55429 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | −$10 (−0.6%) | 11% below |
| 55430 | $1,210 | $1,370 | $1,660 | $2,170 | $2,430 | +$10 (+0.6%) | 4% below |
| 55431 | $1,520 | $1,720 | $2,090 | $2,730 | $3,060 | −$10 (−0.5%) | 21% above |
| 55435 | $1,550 | $1,750 | $2,130 | $2,780 | $3,120 | +$20 (+0.9%) | 23% above |
| 55436 | $1,590 | $1,790 | $2,180 | $2,850 | $3,190 | +$80 (+3.8%) | 26% above |
| 55437 | $1,420 | $1,600 | $1,940 | $2,530 | $2,840 | no change | 12% above |
| 55438 | $1,360 | $1,540 | $1,870 | $2,440 | $2,740 | +$10 (+0.5%) | 8% above |
| 55439 | $1,450 | $1,640 | $1,990 | $2,600 | $2,910 | +$20 (+1.0%) | 15% above |
| 55441 | $1,380 | $1,560 | $1,890 | $2,470 | $2,770 | +$30 (+1.6%) | 9% above |
| 55442 | $1,610 | $1,810 | $2,200 | $2,870 | $3,220 | +$70 (+3.3%) | 27% above |
| 55443 | $1,150 | $1,290 | $1,570 | $2,050 | $2,300 | no change | 9% below |
| 55444 | $1,270 | $1,430 | $1,740 | $2,270 | $2,550 | +$90 (+5.5%) | about the same as |
| 55445 | $1,820 | $2,060 | $2,500 | $3,260 | $3,660 | −$60 (−2.3%) | 44% above |
| 55446 | $1,670 | $1,880 | $2,290 | $2,990 | $3,350 | +$50 (+2.2%) | 32% above |
| 55447 | $1,490 | $1,680 | $2,040 | $2,660 | $2,990 | −$20 (−1.0%) | 18% above |
| 55450 | $1,170 | $1,310 | $1,600 | $2,110 | $2,360 | −$170 (−9.6%) | 8% below |
| 55454 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55455 | $1,140 | $1,280 | $1,560 | $2,040 | $2,280 | +$20 (+1.3%) | 10% 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.