Wabasha County, MN: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0142-bedroom FMR, FY2027

$9311-bedroom FMR, FY2027

$85,90080% income limit, family of 4 (FY2026)

$107,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Wabasha County is $1,014 a month, up 1.3% from $1,001 in FY2026. Wabasha County belongs to the Wabasha County, MN HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Wabasha County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$894	$872	+2.5%	$805 – $983
1 bedroom	$931	$913	+2.0%	$838 – $1,024
2 bedrooms	$1,014	$1,001	+1.3%	$913 – $1,115
3 bedrooms	$1,328	$1,334	−0.4%	$1,196 – $1,460
4 bedrooms	$1,512	$1,679	−9.9%	$1,361 – $1,663

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Wabasha County that is typically $913 to $1,115 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$41,453median income of renter households

$830Median gross rent, all units

24%Rent-to-income ratio (median rent ÷ median renter income)

38%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $41,453 can afford about $1,036 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,014 is $22 (2.2%) less than that. To rent a two-bedroom at the FMR, a household needs $40,560 a year under the 30% rule, or $36,504 under the common landlord rule that income must be three times the rent.

Wabasha County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$830 ±$52
Median income of renter households	$41,453 ±$4,700
Renters paying 30% or more of income (cost-burdened)	38.2% ±7.4
Renters paying 50% or more (severely cost-burdened)	18.8% ±6.6
Renter households (where the share can be computed)	1,302

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$690	$830	+20.3%
Median renter household income	$35,000	$41,453	+18.4%
Renters paying 30%+ of income	41.2%	38.2%	−3.0 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,010 to $1,510 depending on the ZIP code.

All 13 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
55027	$920	$1,080	$1,310	$1,800	$2,180
55041	$990	$1,060	$1,180	$1,560	$1,880
55906	$1,060	$1,090	$1,270	$1,770	$2,130
55910	$1,050	$1,170	$1,450	$1,770	$2,080
55932	$1,010	$1,080	$1,270	$1,770	$2,130
55945	$910	$950	$1,030	$1,350	$1,540
55956	$1,140	$1,220	$1,350	$1,780	$2,130
55957	$890	$930	$1,010	$1,340	$1,520
55960	$1,260	$1,300	$1,510	$2,090	$2,520
55964	$1,010	$1,080	$1,270	$1,770	$2,130
55968	$1,170	$1,220	$1,330	$1,740	$1,970
55981	$990	$1,030	$1,120	$1,470	$1,530
55991	$1,010	$1,080	$1,270	$1,770	$2,130

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Wabasha County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $107,400 (FY2025: $104,700, +2.6%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$22,550 +2.5%	$25,800 +2.6%	$29,000 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$37,600 +2.6%	$43,000 +2.6%	$48,350 +2.5%	$53,700 +2.6%	$58,000 +2.6%	$62,300 +2.6%	$66,600 +2.5%	$70,900 +2.5%
Low income (80%)	$60,150 +2.6%	$68,750 +2.6%	$77,350 +2.6%	$85,900 +2.6%	$92,800 +2.6%	$99,650 +2.6%	$106,550 +2.6%	$113,400 +2.6%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.