The 2 bedroom fair market rent in Fifty Lakes (Crow Wing County) is $1,190 for FY2026. Rents here moved +5.3 percent year over year. ZIP 56448 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 | $840 | +3.7% | |
| 1 bedroom | $910 | +0.0% | |
| 2 bedroom | $1,190 | +5.3% | |
| 3 bedroom | $1,480 | +5.0% | |
| 4 bedroom | $1,770 | +5.4% |
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, 56448 ranks number 5 of 14 on 2 bedroom fair market rent. That is $45 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 Fifty Lakes 9 percent above the Minnesota median. Zillow does not publish a rent index for 56448, 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, Emily 56447 carries the highest 2 bedroom fair market rent at $1,620 and Pequot Lakes 56472 the lowest at $990, against $1,190 here.
The HUD fair market rent for a 2 bedroom in ZIP 56448 is $1,190 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 5.3 percent from FY2025 to FY2026, moving from $1,130 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 Fifty Lakes 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.
