Rent by ZIP · Lake County
Rent in Silver Bay, MN 55614
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,320 (+4.8% vs FY2026). Renters in this ZIP code pay a median $1,138 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $920 | $870 | +5.7% | $828–1,012 | – |
| 1 bedroom | $1,010 | $960 | +5.2% | $909–1,111 | – |
| 2 bedrooms | $1,320 | $1,260 | +4.8% | $1,188–1,452 | $1,086 ±$398 |
| 3 bedrooms | $1,570 | $1,510 | +4% | $1,413–1,727 | $1,063 ±$233 |
| 4 bedrooms | $1,930 | $1,980 | -2.5% | $1,737–2,123 | – |
Small Area FMRs for the Lake County, MN. 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 Lake County, MN, 2 bedrooms: $1,358.
What renters pay in 55614
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 |
|---|---|---|---|
| 55613 | Schroeder | $1,230 | – |
| 55615 | Tofte | $1,390 | – |
| 55612 | Lutsen | $1,210 | – |
| 55616 | Two Harbors | $1,420 | $1,159 |
| 55607 | Isabella | $1,150 | – |
| 55606 | Hovland | $1,070 | – |
Fair Market Rents across Lake 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.