Location: Mower County, MN | Metro: Mower County, MN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $212,046 | 0.48% | F |
| 3BR | $1,360 | $237,279 | 0.57% | F |
| 4BR | $1,370 | $298,887 | 0.46% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 55909, which includes Adams, Minnesota, is set at $970 per month for the fiscal year 2026. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, not the actual rent you would charge tenants. It's the maximum amount that the housing authority will pay on behalf of eligible tenants.
To put this into perspective, the average rent for ZIP 55909, based on recent Census American Community Survey (ACS) data, is around $719 per month. This means that while your actual rent can be lower, the housing authority will cover up to $970 for eligible tenants. The difference between the FMR and the average rent suggests a potential gap where Section 8 vouchers could help fill the market need for affordable housing.
In terms of demand, approximately 9.7% of residents in ZIP 55909 are renters, indicating a modest but steady pool of potential tenants who might rely on Section 8 vouchers. This percentage is relatively low compared to urban areas, but it still represents a significant portion of the local rental market.
If you're considering acquiring a property for a Section 8 rental, the median home value in the area is around $240,646. This figure gives you an idea of the typical price range for homes in ZIP 55909, helping you gauge the investment required to enter the market.
Before making a final decision, verify that the property meets all the minimum physical condition standards set by the Department of Housing and Urban Development (HUD). These standards ensure that the property is safe and livable, which is essential for maintaining eligibility under the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.