FY2026 Fair Market Rents — Goodhue County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$755
1BR
$901
2BR
$1,095
3BR
$1,523
4BR
$1,837
Hours/week at min wage
76 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+5.4%
+$56 vs FY2025 · 5-yr +45.6%
Voucher payment standard
$986–$1,205
PHAs set HCV payment at 90–110% of the 2BR FMR
Goodhue County, MN
Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $755 | $9,060 |
| 1-Bedroom | $901 | $10,812 |
| 2-Bedroom | $1,095 | $13,140 |
| 3-Bedroom | $1,523 | $18,276 |
| 4-Bedroom | $1,837 | $22,044 |
Recent 2-Bedroom FMR Trend
FY2020 $783 → FY2026 $1,095
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $755 | $901 | $1,095 | $1,523 | $1,837 |
| FY2025 | $712 | $877 | $1,039 | $1,456 | $1,745 |
| FY2024 | $737 | $874 | $1,046 | $1,474 | $1,775 |
| FY2023 | $693 | $783 | $921 | $1,309 | $1,569 |
| FY2022 | $671 | $720 | $851 | $1,209 | $1,408 |
| FY2021 | $605 | $620 | $752 | $1,075 | $1,145 |
| FY2020 | $592 | $596 | $783 | $1,044 | $1,181 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $114,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $24,000 | $27,400 | $30,850 | $34,250 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $39,950 | $45,650 | $51,350 | $57,050 | $61,650 | $66,200 |
| 80% AMI (Low) | $63,950 | $73,050 | $82,200 | $91,300 | $98,650 | $105,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,140/yr
FMR as % of Area Median Income
11.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$43,800/yr
$3,650/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $998 | $1,141 | $1,283 | $1,540 | $1,654 |
| 60% AMI Maximum | $1,198 | $1,369 | $1,540 | $1,848 | $1,985 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $755 | $901 | $1,095 | $1,523 | $1,837 |
| Low HOME Rent | $998 | $1,141 | $1,283 | $1,426 | $1,541 |
Compare Goodhue County, MN With Other MN Metros
vs. Duluth, MN-WI MSA
vs. Fargo, ND-MN MSA
vs. Fillmore County, MN HUD Metro FMR Area
vs. Grand Forks, ND-MN MSA
vs. La Crosse-Onalaska, WI-MN MSA