Fair Market Rent · Minnesota
Fair Market Rent in Lyon County, MN
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Lyon County is $1,014 a month, +4.2% from FY2026. Lyon County is part of the Lyon County, MN (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $767 | $678 | +13.1% | $690–844 |
| 1 bedroom | $870 | $834 | +4.3% | $783–957 |
| 2 bedrooms | $1,014 | $973 | +4.2% | $913–1,115 |
| 3 bedrooms | $1,404 | $1,353 | +3.8% | $1,264–1,544 |
| 4 bedrooms | $1,695 | $1,632 | +3.9% | $1,526–1,865 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Lyon County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 56115 | Balaton | $1,280 | $1,075 | $1,079 |
| 56132 | Garvin | $1,210 | – | $983 |
| 56157 | Lynd | $1,140 | $850 | $1,120 |
| 56169 | Russell | $1,010 | $589 | $589 |
| 56175 | Tracy | $1,010 | $805 | $760 |
| 56229 | Cottonwood | $1,010 | $975 | $756 |
| 56239 | Ghent | $1,110 | – | $936 |
| 56258 | Marshall | $1,030 | $751 | $778 |
| 56264 | Minneota | $1,010 | $544 | $675 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.