McLeod County, MN

2024 Fair Market Rents

Tags: 2024 Minnesota

Return to the state page to see where Minnesota ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in McLeod County are Hutchinson, Litchfield, Glencoe, and Lester Prairie. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does McLeod County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however McLeod County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does McLeod County compare?

McLeod County ($963) has a 9.6% lower FMR for 2-Bedroom housing than the average of Minnesota ($1,065) and therefore has a lower gross rent.

McLeod County is rank 33rd out of 87 counties. This means the FMRs, or in other words, the gross rent is higher than 54 other counties. McLeod County is the 33rd most expensive county in terms of FMRs.

Rent Tables McLeod County, MN

Fair Market Rent (40th Percentile)

$732
studio
$737
1-Bedroom
$963
2-Bedroom
$1,331
3-Bedroom
$1,634
4-Bedroom

Median Rent (50th Percentile)

$775
studio
$780
1-Bedroom
$1,020
2-Bedroom
$1,409
3-Bedroom
$1,731
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55335 $0 $770 $960 $1,340 $1,620
55381 $0 $1,170 $1,430 $1,930 $2,180
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55335 $675 $693 $864 $1,206 $1,458
55381 $936 $1,053 $1,287 $1,737 $1,962
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55335 $825 $847 $1,056 $1,474 $1,782
55381 $1,144 $1,287 $1,573 $2,123 $2,398

Fair Market Rents on this page apply to the following cities in McLeod County, Minnesota: Hutchinson, Litchfield, Glencoe, Lester Prairie, Winthrop, Silver Lake, Brownton, Gibbon, Stewart, and Plato.

These Fair Market Rents also apply to the following ZIP codes in McLeod County, Minnesota: 55350, 55355, 55336, 55354, 55396, 55381, 55312, 55335, 55385, and 55370.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.