Minnesota · FIPS 27113 · HUD FY 2027
Pennington County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Pennington County is $1,142 a month (rent plus utilities), 24% below the Minnesota average of $1,507 and 35% below the U.S. average of $1,761. That is up $20 (1.8%) from FY 2026. At 30% of income, a household needs about $45,680 a year to afford it.
- $1,1422-bedroom FMR+$20 (+1.8%) vs FY 2026
- $8731-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $45,680Income for a 2-bedroom$22/hour full-time
- 29 of 872BR rank in Minnesota1 = highest rent
| Unit | Pennington County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $795 | $774 | +$21 (+2.7%) | $1,102 | $1,379 | $31,800 |
| 1 bedroom | $873 | $855 | +$18 (+2.1%) | $1,231 | $1,478 | $34,920 |
| 2 bedrooms | $1,142 | $1,122 | +$20 (+1.8%) | $1,507 | $1,761 | $45,680 |
| 3 bedrooms | $1,564 | $1,496 | +$68 (+4.5%) | $1,980 | $2,266 | $62,560 |
| 4 bedrooms | $1,668 | $1,631 | +$37 (+2.3%) | $2,243 | $2,607 | $66,720 |
How Pennington County compares
- Pennington 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: $795, $873, $1,142, $1,564, $1,668. 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 3 ZIP codes mostly in Pennington County (by land area), the 2-bedroom figure ranges from $1,140 to $1,670.
Small Area FMRs by ZIP code in Pennington County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 56701 | $800 | $880 | $1,140 | $1,560 | $1,680 | +$10 (+0.9%) | about the same as |
| 56725 | $1,160 | $1,280 | $1,670 | $2,250 | $2,510 | +$650 (+63.7%) | 46% above |
| 56754 | $910 | $1,000 | $1,310 | $1,790 | $1,900 | no change | 15% 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.