The 2 bedroom fair market rent in Hayfield (Dodge County) is $1,210 for FY2026. Rents here moved +14.2 percent year over year. ZIP 55940 sits in the Mower County, MN 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 | $900 | +15.4% | |
| 1 bedroom | $1,000 | +14.9% | |
| 2 bedroom | $1,210 | +14.2% | |
| 3 bedroom | $1,700 | +14.9% | |
| 4 bedroom | $2,030 | +14.0% |
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 6 Dodge County ZIP codes with a HUD rent estimate, 55940 ranks number 3 of 6 on 2 bedroom fair market rent. It sits right at the county median of $1,210. The county runs from $1,210 in West Concord 55985 to $1,210 in Claremont 55924. Statewide the median 2 bedroom fair market rent is $1,090, which puts Hayfield 11 percent above the Minnesota median. The largest single year move since FY2021 came in FY2026, +14.2 percent, and the 2 bedroom estimate has gone from $920 to $1,210 over 5 fiscal years. Zillow does not publish a rent index for 55940, so the fair market rent is the only published rent benchmark here. The landlord voucher check compares an asking rent against it.
Of the 6 nearest ZIP codes with an estimate, Sargeant 55973 carries the highest 2 bedroom fair market rent at $1,580 and Brownsdale 55918 the lowest at $970, against $1,210 here.
The HUD fair market rent for a 2 bedroom in ZIP 55940 is $1,210 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 14.2 percent from FY2025 to FY2026, moving from $1,060 to $1,210.
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 $1,210 for a 2 bedroom, a deal in Hayfield 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.
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