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FY2017 Hypothetical Small Area FMRs For Dodge 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.

Dodge County is part of the Rochester, MN MSA.

Dodge County, MN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
55917 $470 $560 $740 $970 $1,160 0.820
55924 $460 $540 $720 $950 $1,130 0.792
55927 $490 $590 $780 $1,030 $1,220 0.861
55940 $480 $570 $760 $1,000 $1,190 0.837
55944 $520 $620 $820 $1,080 $1,290 0.903
55946 $510 $600 $800 $1,050 $1,250 0.880
55955 $620 $740 $980 $1,290 $1,540 1.084
55963 $580 $680 $910 $1,200 $1,430 1.000
55973 $510 $610 $810 $1,070 $1,270 0.894
55982 $510 $600 $800 $1,050 $1,250 0.880
55985 $460 $550 $730 $960 $1,140 0.802

* 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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