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FY2017 Hypothetical Small Area FMRs For Blue Earth 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.

Blue Earth County is part of the Mankato-North Mankato, MN MSA.

Blue Earth County, MN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
56001 $610 $690 $850 $1,170 $1,500 0.994
56010 $610 $690 $850 $1,170 $1,500 0.993
56024 $770 $870 $1,070 $1,470 $1,890 1.260
56034 $920 $1,050 $1,280 $1,760 $2,260 1.636
56037 $640 $730 $890 $1,220 $1,570 1.045
56048 $520 $600 $730 $1,000 $1,290 0.861
56050 $610 $690 $850 $1,170 $1,500 0.993
56055 $540 $610 $750 $1,030 $1,320 0.881
56060 $610 $690 $850 $1,170 $1,500 0.993
56062 $490 $560 $680 $940 $1,200 0.803
56063 $610 $710 $880 $1,220 $1,530 0.966
56065 $530 $600 $740 $1,020 $1,300 0.866
56068 $490 $560 $680 $940 $1,200 0.773
56073 $490 $560 $690 $950 $1,220 0.809
56078 $770 $880 $1,080 $1,490 $1,900 1.267
56080 $590 $680 $830 $1,140 $1,460 0.970
56088 $530 $600 $740 $1,020 $1,300 0.864
56090 $720 $820 $1,000 $1,380 $1,760 1.176

* 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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