Minnesota · FIPS 27157 · HUD FY 2027
Wabasha County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Wabasha County is $1,014 a month (rent plus utilities), 33% below the Minnesota average of $1,507 and 42% below the U.S. average of $1,761. That is up $13 (1.3%) from FY 2026. At 30% of income, a household needs about $40,560 a year to afford it.
- $1,0142-bedroom FMR+$13 (+1.3%) vs FY 2026
- $9311-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $40,560Income for a 2-bedroom$20/hour full-time
- 53 of 872BR rank in Minnesota1 = highest rent
| Unit | Wabasha County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $894 | $872 | +$22 (+2.5%) | $1,102 | $1,379 | $35,760 |
| 1 bedroom | $931 | $913 | +$18 (+2.0%) | $1,231 | $1,478 | $37,240 |
| 2 bedrooms | $1,014 | $1,001 | +$13 (+1.3%) | $1,507 | $1,761 | $40,560 |
| 3 bedrooms | $1,328 | $1,334 | −$6 (−0.4%) | $1,980 | $2,266 | $53,120 |
| 4 bedrooms | $1,512 | $1,679 | −$167 (−9.9%) | $2,243 | $2,607 | $60,480 |
How Wabasha County compares
- HUD sets this rent for the Wabasha County, MN metro FMR area, which covers 21,565 residents in 1 county.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $894, $931, $1,014, $1,328, $1,512. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 8 ZIP codes mostly in Wabasha County (by land area), the 2-bedroom figure ranges from $1,010 to $1,350.
Small Area FMRs by ZIP code in Wabasha County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 55041 | $990 | $1,060 | $1,180 | $1,560 | $1,880 | −$60 (−4.8%) | 16% above |
| 55945 | $910 | $950 | $1,030 | $1,350 | $1,540 | +$10 (+1.0%) | 2% above |
| 55956 | $1,140 | $1,220 | $1,350 | $1,780 | $2,130 | +$70 (+5.5%) | 33% above |
| 55957 | $890 | $930 | $1,010 | $1,340 | $1,520 | +$40 (+4.1%) | about the same as |
| 55964 | $1,010 | $1,080 | $1,270 | $1,770 | $2,130 | +$60 (+5.0%) | 25% above |
| 55968 | $1,170 | $1,220 | $1,330 | $1,740 | $1,970 | +$30 (+2.3%) | 31% above |
| 55981 | $990 | $1,030 | $1,120 | $1,470 | $1,530 | +$110 (+10.9%) | 10% above |
| 55991 | $1,010 | $1,080 | $1,270 | $1,770 | $2,130 | +$60 (+5.0%) | 25% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.