The 2 bedroom fair market rent in Georgetown (Clay County) is $1,290 for FY2026. Rents here moved +7.5 percent year over year. ZIP 56546 sits in the Fargo, ND-MN MSA 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 | $890 | +8.5% | |
| 1 bedroom | $1,030 | +8.4% | |
| 2 bedroom | $1,290 | +7.5% | |
| 3 bedroom | $1,690 | +7.6% | |
| 4 bedroom | $1,970 | +4.8% |
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 Clay County ZIP codes with a HUD rent estimate, 56546 ranks the highest on 2 bedroom fair market rent. That is $200 above the county median of $1,090. Statewide the median 2 bedroom fair market rent is $1,090, which puts Georgetown 18 percent above the Minnesota median. The largest single year move since FY2021 came in FY2025, +22.4 percent, and the 2 bedroom estimate has gone from $890 to $1,290 over 5 fiscal years. Zillow does not publish a rent index for 56546, 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 Clay County ZIP code with both signals is on the Clay County Section 8 page.
Of the 6 nearest ZIP codes with an estimate, Borup 56519 carries the highest 2 bedroom fair market rent at $1,460 and Felton 56536 the lowest at $970, against $1,290 here.
The HUD fair market rent for a 2 bedroom in ZIP 56546 is $1,290 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 7.5 percent from FY2025 to FY2026, moving from $1,200 to $1,290.
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 $1,290 for a 2 bedroom, a deal in Georgetown 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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