FY2026 Fair Market Rents — Hubbard County
Studio
$695
1BR
$768
2BR
$1,008
3BR
$1,395
4BR
$1,642
Hubbard County, Minnesota
FIPS 27057 · County-level FMR and income limit data
FMR Area: Hubbard County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $695 | $8,340 |
| 1-Bedroom | $768 | $9,216 |
| 2-Bedroom | $1,008 | $12,096 |
| 3-Bedroom | $1,395 | $16,740 |
| 4-Bedroom | $1,642 | $19,704 |
To afford the FY2026 2-bedroom FMR of $1,008/mo under the 30%-of-income rule, a household needs about
$40,320/yr ($3,360/mo). Area Median Income is $92,900.
At MN's state minimum wage of $11.13/hr, a worker would need to work 70 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $695 | $768 | $1,008 | $1,395 | $1,642 |
| FY2025 | $640 | $711 | $933 | $1,267 | $1,523 |
| FY2024 | $668 | $750 | $985 | $1,273 | $1,544 |
| FY2023 | $596 | $677 | $891 | $1,121 | $1,307 |
| FY2022 | $530 | $606 | $797 | $1,033 | $1,108 |
| FY2021 | $496 | $557 | $734 | $982 | $1,025 |
| FY2020 | $544 | $547 | $721 | $1,010 | $1,052 |
FY2026 Income Limits
Area Median Income: $92,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,600 | $23,550 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,300 | $39,200 | $44,100 | $49,000 | $52,950 | $56,850 |
| 80% AMI | $54,900 | $62,750 | $70,600 | $78,400 | $84,700 | $90,950 |