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FY2017 Hypothetical Small Area FMRs For Dakota County, MN

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Dakota County is part of the Minneapolis-St. Paul-Bloomington, MN-WI MSA.

Dakota County, MN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
55009 $490 $600 $760 $1,080 $1,250 0.700
55024 $850 $1,040 $1,310 $1,860 $2,160 1.208
55031 $590 $730 $920 $1,300 $1,520 0.846
55033 $610 $750 $950 $1,350 $1,570 0.877
55044 $890 $1,090 $1,370 $1,940 $2,260 1.262
55057 $560 $690 $870 $1,230 $1,430 0.806
55065 $810 $1,000 $1,260 $1,790 $2,080 1.162
55068 $840 $1,030 $1,300 $1,840 $2,140 1.196
55075 $620 $760 $960 $1,360 $1,580 0.888
55076 $740 $910 $1,150 $1,630 $1,890 1.056
55077 $740 $910 $1,150 $1,630 $1,890 1.062
55085 $680 $840 $1,060 $1,500 $1,750 0.981
55089 $750 $920 $1,160 $1,640 $1,910 1.073
55118 $640 $790 $990 $1,400 $1,630 0.912
55120 $820 $1,010 $1,270 $1,800 $2,090 1.166
55121 $730 $900 $1,130 $1,600 $1,860 1.037
55122 $720 $880 $1,110 $1,570 $1,830 1.020
55123 $810 $990 $1,250 $1,770 $2,060 1.154
55124 $850 $1,050 $1,320 $1,870 $2,170 1.217
55150 $720 $890 $1,120 $1,590 $1,850 1.031
55306 $760 $940 $1,180 $1,670 $1,940 1.087
55337 $730 $900 $1,130 $1,600 $1,860 1.042

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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