Section 8 Fair Market Rent (FMR) for ZIP 56575 - 2027

Location: Becker County, MN | Metro: Becker County, MN

Investment Score for ZIP 56575

F
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$394,836
1% Rule
0.26%
Annual Yield
3.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$710
1 Bedroom$780
2 Bedrooms$1,010
3 Bedrooms$1,340
4 Bedrooms$1,500
5 Bedrooms$1,740
6 Bedrooms$1,949
7 Bedrooms$2,105
8 Bedrooms$2,210

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,010 $394,836 0.26% F
3BR $1,340 $507,930 0.26% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
665
Median Household Income
$56,534
Housing Units
563
Renter Percentage
20.0%
Occupancy Rate
50.6%
Renter Occupied
57

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.