The 2 bedroom fair market rent in Gary (Norman County) is $1,070 for FY2026. Rents here moved +3.9 percent year over year. ZIP 56545 sits in the Norman 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 | $770 | +2.7% | |
| 1 bedroom | $830 | +3.8% | |
| 2 bedroom | $1,070 | +3.9% | |
| 3 bedroom | $1,360 | +3.0% | |
| 4 bedroom | $1,570 | -0.6% |
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 9 Norman County ZIP codes with a HUD rent estimate, 56545 ranks number 5 of 9 on 2 bedroom fair market rent. It sits right at the county median of $1,070. The county runs from $970 in Shelly 56581 to $1,460 in Borup 56519. Statewide the median 2 bedroom fair market rent is $1,090, which puts Gary 2 percent below the Minnesota median. Zillow does not publish a rent index for 56545, 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, Twin Valley 56584 carries the highest 2 bedroom fair market rent at $1,330 and Fertile 56540 the lowest at $970, against $1,070 here.
The HUD fair market rent for a 2 bedroom in ZIP 56545 is $1,070 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 3.9 percent from FY2025 to FY2026, moving from $1,030 to $1,070.
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 $1,070 for a 2 bedroom, a deal in Gary 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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