What is the Fair Market Rent for a 2-bedroom in Wabasha County, MN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Wabasha County, MN HUD Metro FMR Area is $1,001 per month for fiscal year 2026. The studio FMR is $872, 1-bedroom is $913, 3-bedroom is $1,334, and 4-bedroom is $1,679.

What income do you need to afford the FMR in Wabasha County, MN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $40,040 per year ($3,337 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,001 in Wabasha County, MN HUD Metro FMR Area.

FY2026 Fair Market Rents — Wabasha County, MN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$872

1BR

$913

2BR

$1,001

3BR

$1,334

4BR

$1,679

Hours/week at min wage

70 hrs

to afford the 2BR FMR @ $11.13/hr (MN)

YoY change (2BR)

+7.3%

+$68 vs FY2025 · 5-yr +36.4%

Voucher payment standard

$901–$1,101

PHAs set HCV payment at 90–110% of the 2BR FMR

Wabasha County, MN HUD Metro FMR Area

Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$872	$10,464
1-Bedroom	$913	$10,956
2-Bedroom	$1,001	$12,012
3-Bedroom	$1,334	$16,008
4-Bedroom	$1,679	$20,148

Recent 2-Bedroom FMR Trend

FY2020 $772 → FY2026 $1,001

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$872	$913	$1,001	$1,334	$1,679
FY2025	$811	$843	$933	$1,218	$1,564
FY2024	$785	$806	$905	$1,275	$1,536
FY2023	$593	$727	$826	$1,174	$1,407
FY2022	$522	$656	$757	$1,075	$1,236
FY2021	$497	$616	$734	$1,050	$1,252
FY2020	$507	$650	$772	$1,114	$1,346

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $107,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$22,550	$25,800	$29,000	$33,000	$38,680	$44,360
50% AMI (Very Low)	$37,600	$43,000	$48,350	$53,700	$58,000	$62,300
80% AMI (Low)	$60,150	$68,750	$77,350	$85,900	$92,800	$99,650

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,012/yr

FMR as % of Area Median Income

11.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$40,040/yr

$3,337/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	$939	$1,074	$1,208	$1,449	$1,557
60% AMI Maximum	$1,127	$1,288	$1,449	$1,739	$1,868

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	$872	$913	$1,001	$1,334	$1,679
Low HOME Rent	$940	$1,075	$1,208	$1,342	$1,450

Compare Wabasha County, MN HUD Metro FMR Area 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