Section 8 Fair Market Rent (FMR) for ZIP 55924 - 2027

Location: Steele County, MN | Metro: Rochester, MN HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,010
1 Bedroom$1,080
2 Bedrooms$1,270
3 Bedrooms$1,770
4 Bedrooms$2,130
5 Bedrooms$2,471
6 Bedrooms$2,768
7 Bedrooms$2,989
8 Bedrooms$3,138

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,170
Median Household Income
$78,558
Housing Units
515
Renter Percentage
11.0%
Occupancy Rate
89.9%
Renter Occupied
51

Housing Authorities Serving ZIP 55924

Data Sources: FMR data from HUD (2027). 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.