Rent by ZIP · Hennepin County
Rent in Hopkins, MN 55343
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,890 (+5% vs FY2026). Renters in this ZIP code pay a median $1,568 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,380 | $1,310 | +5.3% | $1,242–1,518 | $1,208 ±$160 |
| 1 bedroom | $1,560 | $1,480 | +5.4% | $1,404–1,716 | $1,357 ±$66 |
| 2 bedrooms | $1,890 | $1,800 | +5% | $1,701–2,079 | $1,701 ±$75 |
| 3 bedrooms | $2,470 | $2,380 | +3.8% | $2,223–2,717 | $2,073 ±$170 |
| 4 bedrooms | $2,770 | $2,670 | +3.7% | $2,493–3,047 | $2,770 ±$136 |
Small Area FMRs for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, 2 bedrooms: $1,734.
What renters pay in 55343
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55342 | Hector | $1,150 | $1,102 |
| 55344 | Eden Prairie | $2,130 | $1,836 |
| 55341 | Hanover | $1,560 | $1,192 |
| 55345 | Minnetonka | $1,910 | $1,858 |
| 55340 | Hamel | $1,880 | $1,369 |
| 55346 | Eden Prairie | $2,270 | $1,748 |
Fair Market Rents across Hennepin County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.