FY2026 Fair Market Rents — Goodhue County
Studio
$755
1BR
$901
2BR
$1,095
3BR
$1,523
4BR
$1,837
Goodhue County, Minnesota
FIPS 27049 · County-level FMR and income limit data
FMR Area: Goodhue County, MN
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 |
To afford the FY2026 2-bedroom FMR of $1,095/mo under the 30%-of-income rule, a household needs about
$43,800/yr ($3,650/mo). Area Median Income is $114,100.
At MN's state minimum wage of $11.13/hr, a worker would need to work 76 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $114,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,000 | $27,400 | $30,850 | $34,250 | $38,680 | $44,360 |
| 50% AMI | $39,950 | $45,650 | $51,350 | $57,050 | $61,650 | $66,200 |
| 80% AMI | $63,950 | $73,050 | $82,200 | $91,300 | $98,650 | $105,950 |