FY2026 Fair Market Rents — Waseca County
Studio
$677
1BR
$742
2BR
$973
3BR
$1,353
4BR
$1,495
Waseca County, Minnesota
FIPS 27161 · County-level FMR and income limit data
FMR Area: Waseca County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $677 | $8,124 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,495 | $17,940 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $95,600.
At MN's state minimum wage of $11.13/hr, a worker would need to work 68 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $677 | $742 | $973 | $1,353 | $1,495 |
| FY2025 | $704 | $711 | $933 | $1,307 | $1,537 |
| FY2024 | $684 | $689 | $905 | $1,275 | $1,449 |
| FY2023 | $623 | $628 | $826 | $1,174 | $1,211 |
| FY2022 | $575 | $579 | $757 | $1,075 | $1,096 |
| FY2021 | $556 | $560 | $734 | $1,050 | $1,063 |
| FY2020 | $539 | $542 | $714 | $1,030 | $1,054 |
FY2026 Income Limits
Area Median Income: $95,600
| 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 |