Minnesota · FIPS 27161 · HUD FY 2027
Waseca County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Waseca County is $1,030 a month (rent plus utilities), 32% below the Minnesota average of $1,507 and 42% below the U.S. average of $1,761. That is up $57 (5.9%) from FY 2026. At 30% of income, a household needs about $41,200 a year to afford it.
- $1,0302-bedroom FMR+$57 (+5.9%) vs FY 2026
- $7871-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $41,200Income for a 2-bedroom$20/hour full-time
- 46 of 872BR rank in Minnesota1 = highest rent
| Unit | Waseca County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $717 | $677 | +$40 (+5.9%) | $1,102 | $1,379 | $28,680 |
| 1 bedroom | $787 | $742 | +$45 (+6.1%) | $1,231 | $1,478 | $31,480 |
| 2 bedrooms | $1,030 | $973 | +$57 (+5.9%) | $1,507 | $1,761 | $41,200 |
| 3 bedrooms | $1,349 | $1,353 | −$4 (−0.3%) | $1,980 | $2,266 | $53,960 |
| 4 bedrooms | $1,354 | $1,495 | −$141 (−9.4%) | $2,243 | $2,607 | $54,160 |
How Waseca County compares
- Waseca County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $717, $787, $1,030, $1,349, $1,354. 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 4 ZIP codes mostly in Waseca County (by land area), the 2-bedroom figure ranges from $1,030 to $1,110.
Small Area FMRs by ZIP code in Waseca County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 56048 | $880 | $880 | $1,060 | $1,470 | $1,730 | no change | 3% above |
| 56072 | $710 | $790 | $1,030 | $1,400 | $1,640 | +$60 (+6.2%) | same |
| 56091 | $790 | $890 | $1,110 | $1,490 | $1,500 | +$80 (+7.8%) | 8% above |
| 56093 | $810 | $820 | $1,070 | $1,400 | $1,800 | +$10 (+0.9%) | 4% 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.