The 2 bedroom fair market rent in Northome (Koochiching County) is $1,000 for FY2026. Rents here moved -1.0 percent year over year. ZIP 56661 sits in the Koochiching 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 | $730 | -1.4% | |
| 1 bedroom | $780 | +1.3% | |
| 2 bedroom | $1,000 | -1.0% | |
| 3 bedroom | $1,280 | +4.9% | |
| 4 bedroom | $1,440 | +1.4% |
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.
Get an email when rents change in ZIP 56661. We will send a short note, not a newsletter.
Among the 11 Koochiching County ZIP codes with a HUD rent estimate, 56661 ranks number 5 of 11 on 2 bedroom fair market rent. That is $10 above the county median of $990. The county runs from $970 in South International Falls 56679 to $1,110 in Littlefork 56653. Statewide the median 2 bedroom fair market rent is $1,090, which puts Northome 8 percent below the Minnesota median. Zillow does not publish a rent index for 56661, 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, Wirt 56688 carries the highest 2 bedroom fair market rent at $1,070 and Squaw Lake 56681 the lowest at $970, against $1,000 here.
The HUD fair market rent for a 2 bedroom in ZIP 56661 is $1,000 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent fell 1.0 percent from FY2025 to FY2026, moving from $1,010 to $1,000.
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 $1,000 for a 2 bedroom, a deal in Northome 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.
