HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Goodhue County, Minnesota (FY 2026)
A two-bedroom in Goodhue County carries a FY 2026 Fair Market Rent of $1,095 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Goodhue keys off that figure.
2 bedroom FMR
$1,095
FY 2026, utilities included
Payment standard range
$986 to $1,205
90% to 110% of FMR
Income to afford 2BR
$43,800
per year, at 30% of income
Rank in Minnesota
30th of 87
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Goodhue moves to $1,172. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Goodhue actually rent for?
Search any address in Goodhue for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $755 | $680 to $831 | $30,200 | $14.52/hr | +6.0% |
| 1 bedroom | $901 | $811 to $991 | $36,040 | $17.33/hr | +2.7% |
| 2 bedroom | $1,095 | $986 to $1,205 | $43,800 | $21.06/hr | +5.4% |
| 3 bedroom | $1,523 | $1,371 to $1,675 | $60,920 | $29.29/hr | +4.6% |
| 4 bedroom | $1,837 | $1,653 to $2,021 | $73,480 | $35.33/hr | +5.3% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,113 | $1,902 to $2,324 |
| 6 bedroom Estimate | $2,388 | $2,149 to $2,627 |
| 7 bedroom Estimate | $2,664 | $2,398 to $2,930 |
| 8 bedroom Estimate | $2,939 | $2,645 to $3,233 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Goodhue, that runs from $755 for a studio up to $1,837 for four bedrooms, all five rates in the table above.
Because Goodhue sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Cannon Falls included.
Among Minnesota's 87 counties, Goodhue ranks 30th for two-bedroom FMR. That's about 10% above the state median of $999 and about 8% above the national median county at $1,018. About 47,697 people live here, 20th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 55983 (Wanamingo) and $1,640 in 55018 (Dennison), with the 10 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Goodhue somewhere between $986 and $1,205. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,095 a month is affordable, by HUD's 30% rule, on an income of roughly $43,800 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($986) | HAP at 100% ($1,095) | HAP at 110% ($1,205) |
|---|---|---|---|---|
| $2,500 | $750 | $236 | $345 | $455 |
| $4,000 | $1,200 | $0 | $0 | $5 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($1,039) to FY 2026 ($1,095). Since FY 2020 it's up 40% in total, about 5.7% a year. The Minnesota median moved up 7% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $592 | $596 | $783 | $1,044 | $1,181 | — |
| FY 2021 | $605 | $620 | $752 | $1,075 | $1,145 | -4.0% |
| FY 2022 | $671 | $720 | $851 | $1,209 | $1,408 | +13.2% |
| FY 2023 | $693 | $783 | $921 | $1,309 | $1,569 | +8.2% |
| FY 2024 | $737 | $874 | $1,046 | $1,474 | $1,775 | +13.6% |
| FY 2025 | $712 | $877 | $1,039 | $1,456 | $1,745 | -0.7% |
| FY 2026 | $755 | $901 | $1,095 | $1,523 | $1,837 | +5.4% |
| FY 2027 | $816 | $966 | $1,172 | $1,613 | $1,959 | +7.0% |
Nearby counties
Wabasha County
$1,00125 mi · pop 21,460
Dodge County
$1,40726 mi · pop 20,893
Rice County
$1,18729 mi · pop 67,152
Olmsted County
$1,40730 mi · pop 162,307
Dakota County
$1,70931 mi · pop 439,179
Steele County
$1,14238 mi · pop 37,396
Scott County
$1,70941 mi · pop 151,347
Washington County
$1,70943 mi · pop 268,651
Questions people ask
$1,095 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $755 for a studio, $901 for one bedroom, $1,523 for three and $1,837 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Goodhue actually go for?
HUD's number is one input. Search any address in Goodhue for a rent estimate built from nearby comps. 3 free searches, no card.
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