The 2 bedroom fair market rent in Saginaw (St. Louis County) is $1,850 for FY2026. Rents here moved +8.2 percent year over year. ZIP 55779 sits in the Duluth, MN-WI MSA area.
See how this ZIP compares for Section 8 vouchers, fair market rent against market asking rent for every tracked Minnesota ZIP.
| Unit size | FY2026 FMR | Vs FY2025 | ACS median |
|---|---|---|---|
| Studio | $1,280 | +9.4% | |
| 1 bedroom | $1,470 | +9.7% | |
| 2 bedroom | $1,850 | +8.2% | |
| 3 bedroom | $2,540 | +10.0% | |
| 4 bedroom | $3,100 | +8.0% |
FMR is the HUD Fair Market Rent for this ZIP, the 40th percentile of gross rents. It anchors Section 8 payment standards and runs below top of market. ACS median is the Census survey estimate where available.
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Among the 48 St. Louis County ZIP codes with a HUD rent estimate, 55779 ranks the highest on 2 bedroom fair market rent. That is $725 above the county median of $1,125. Statewide the median 2 bedroom fair market rent is $1,090, which puts Saginaw 70 percent above the Minnesota median. The largest single year move since FY2021 came in FY2023, +34.3 percent, and the 2 bedroom estimate has gone from $1,060 to $1,850 over 5 fiscal years. Zillow does not publish a rent index for 55779, so the fair market rent is the only published rent benchmark here. The landlord voucher check compares an asking rent against it. Voucher competitiveness for every St. Louis County ZIP code with both signals is on the St. Louis County Section 8 page.
Of the 6 nearest ZIP codes with an estimate, Esko 55733 carries the highest 2 bedroom fair market rent at $1,740 and Brookston 55711 the lowest at $1,170, against $1,850 here.
The HUD fair market rent for a 2 bedroom in ZIP 55779 is $1,850 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 8.2 percent from FY2025 to FY2026, moving from $1,710 to $1,850.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP. It sets Section 8 payment standards, so it is the rent a voucher will support here. Investors use it as a conservative floor when underwriting rental income.
Rent level is only one input. Run the numbers: at $1,850 for a 2 bedroom, a deal in Saginaw pencils or it does not based on price, taxes, insurance, and financing. Pencilwrite computes cap rate, cash-on-cash, DSCR, and true ROE from a few inputs.
Pencilwrite turns an address, a price, and these rents into a full underwrite, cap rate, cash-on-cash, DSCR, true ROE, taxes, and an offer you can send. Limited beta access spots open. Sign up for the beta, opening in the next two months. Free.
