The 2 bedroom fair market rent in Duluth (St. Louis County) is $1,190 for FY2026, and typical market asking rent is $1,669. Rents here moved +9.2 percent year over year. ZIP 55807 sits in the Duluth, MN-WI 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 | $820 | +9.3% | |
| 1 bedroom | $950 | +10.5% | |
| 2 bedroom | $1,190 | +9.2% | |
| 3 bedroom | $1,630 | +10.9% | |
| 4 bedroom | $2,000 | +9.3% |
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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Market asking rent runs about $479 above the 2 bedroom FMR, a 40 percent premium. For an investor that gap is a cushion: underwrite at or near FMR and the market gives you room, and Section 8 tenants at payment standard are competitive with market rate here.
Zillow ZORI is a smoothed index of asking rents across all unit sizes. HUD FMR is a 2 bedroom 40th percentile estimate. They measure different things, so treat the spread as a signal, not a price. See the full FMR versus market rent spread for every Minnesota ZIP with both signals.
Among the 48 St. Louis County ZIP codes with a HUD rent estimate, 55807 ranks number 19 of 48 on 2 bedroom fair market rent. That is $65 above the county median of $1,125. The county runs from $1,030 in Tower 55790 to $1,850 in Saginaw 55779. Statewide the median 2 bedroom fair market rent is $1,090, which puts Duluth 9 percent above the Minnesota median. The largest single year move since FY2021 came in FY2023, +15.9 percent, and the 2 bedroom estimate has gone from $830 to $1,190 over 5 fiscal years. 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, Duluth 55814 carries the highest 2 bedroom fair market rent at $1,570 and Duluth 55806 the lowest at $1,160, against $1,190 here.
The HUD fair market rent for a 2 bedroom in ZIP 55807 is $1,190 for FY2026. Typical market asking rent is around $1,669 per Zillow as of 2026-06. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 9.2 percent from FY2025 to FY2026, moving from $1,090 to $1,190.
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 $1,190 for a 2 bedroom, a deal in Duluth 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.
