Minnesota · FIPS 27085 · HUD FY 2027
McLeod County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in McLeod County is $1,073 a month (rent plus utilities), 29% below the Minnesota average of $1,507 and 39% below the U.S. average of $1,761. That is up $74 (7.4%) from FY 2026. At 30% of income, a household needs about $42,920 a year to afford it.
- $1,0732-bedroom FMR+$74 (+7.4%) vs FY 2026
- $9511-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $42,920Income for a 2-bedroom$21/hour full-time
- 40 of 872BR rank in Minnesota1 = highest rent
| Unit | McLeod County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $882 | $823 | +$59 (+7.2%) | $1,102 | $1,379 | $35,280 |
| 1 bedroom | $951 | $865 | +$86 (+9.9%) | $1,231 | $1,478 | $38,040 |
| 2 bedrooms | $1,073 | $999 | +$74 (+7.4%) | $1,507 | $1,761 | $42,920 |
| 3 bedrooms | $1,278 | $1,198 | +$80 (+6.7%) | $1,980 | $2,266 | $51,120 |
| 4 bedrooms | $1,593 | $1,662 | −$69 (−4.2%) | $2,243 | $2,607 | $63,720 |
How McLeod County compares
- McLeod County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $882, $951, $1,073, $1,278, $1,593. 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 8 ZIP codes mostly in McLeod County (by land area), the 2-bedroom figure ranges from $1,010 to $1,540.
Small Area FMRs by ZIP code in McLeod County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 55312 | $860 | $920 | $1,040 | $1,240 | $1,540 | +$70 (+7.2%) | 3% below |
| 55336 | $930 | $1,000 | $1,140 | $1,370 | $1,700 | +$130 (+12.9%) | 6% above |
| 55350 | $890 | $970 | $1,090 | $1,300 | $1,620 | +$60 (+5.8%) | 2% above |
| 55354 | $830 | $900 | $1,010 | $1,210 | $1,520 | +$40 (+4.1%) | 6% below |
| 55370 | $900 | $990 | $1,150 | $1,430 | $1,710 | +$80 (+7.5%) | 7% above |
| 55381 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 44% above |
| 55385 | $830 | $880 | $1,010 | $1,250 | $1,560 | +$40 (+4.1%) | 6% below |
| 55395 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 44% above |
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.