HUD sets a separate fair market rent for every bedroom size, and they have not moved together. Across the 468 Minnesota ZIP codes with a full six year history, the smallest units rose the most. Pick any ZIP below to chart all five.
Statewide median fair market rent, FY2026, across 911 Minnesota ZIP codes.
The pattern worth noticing: growth falls in a straight line as units get bigger. A studio's fair market rent rose about fifteen points more than a four bedroom's over the same five years, in the same ZIP codes. If you own or are buying small units in Minnesota, the voucher side of the market has been repricing in your favour faster than the headline number suggests. Medians are across ZIP codes, not weighted by population.
Enter a five digit Minnesota ZIP. The chart plots HUD fair market rent for studio through four bedroom, by fiscal year.
Fair market rent is HUD's 40th percentile estimate of gross rent, which includes tenant paid utilities. It is not a quote and it is not what a housing authority will pay you.
The authority sets its own payment standard anywhere from 90 to 110 percent of the fair market rent, and it has three months after a new fiscal year begins to adopt it. So a fair market rent rising does not automatically raise what you collect. It sets the band your authority chooses inside. New fiscal year figures take effect October 1 each year, and HUD publishes them about six weeks earlier, in August or early September.
