The 2 bedroom fair market rent in Baxter (Crow Wing County) is $1,310 for FY2026. Rents here moved +5.6 percent year over year. ZIP 56425 sits in the Crow Wing 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 | +5.9% | |
| 1 bedroom | $1,000 | +5.3% | |
| 2 bedroom | $1,310 | +5.6% | |
| 3 bedroom | $1,570 | +4.7% | |
| 4 bedroom | $1,840 | +3.4% |
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 14 Crow Wing County ZIP codes with a HUD rent estimate, 56425 ranks number 2 of 14 on 2 bedroom fair market rent. That is $165 above the county median of $1,145. The county runs from $990 in Pequot Lakes 56472 to $1,620 in Emily 56447. Statewide the median 2 bedroom fair market rent is $1,090, which puts Baxter 20 percent above the Minnesota median. Zillow does not publish a rent index for 56425, 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 Crow Wing County ZIP code with both signals is on the Crow Wing County Section 8 page.
Of the 6 nearest ZIP codes with an estimate, Fort Ripley 56449 carries the highest 2 bedroom fair market rent at $1,270 and Motley 56466 the lowest at $970, against $1,310 here.
The HUD fair market rent for a 2 bedroom in ZIP 56425 is $1,310 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 5.6 percent from FY2025 to FY2026, moving from $1,240 to $1,310.
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 $1,310 for a 2 bedroom, a deal in Baxter 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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