Polk County, MN

2024 Fair Market Rents

Tags: 2024 Grand Forks, ND-MN MSA

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The top four largest cities in Polk County are East Grand Forks, Crookston, Erskine, and Mcintosh. 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 Polk County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Polk 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 Polk County compare?

Polk County ($929) has a 12.8% lower FMR for 2-Bedroom housing than the average of Minnesota ($1,065) and therefore has a lower gross rent.

Polk County is rank 56th out of 87 counties. This means the FMRs, or in other words, the gross rent is lower than 55 other counties. Polk County is the 32nd cheapest county in terms of FMRs.

Rent Tables Polk County, MN

Fair Market Rent (40th Percentile)

$731
studio
$736
1-Bedroom
$929
2-Bedroom
$1,309
3-Bedroom
$1,577
4-Bedroom

Median Rent (50th Percentile)

$790
studio
$795
1-Bedroom
$1,004
2-Bedroom
$1,415
3-Bedroom
$1,704
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
56517 $710 $720 $910 $1,280 $1,540
56523 $710 $720 $910 $1,280 $1,540
56535 $710 $720 $910 $1,280 $1,540
56556 $710 $720 $910 $1,280 $1,540
56646 $710 $720 $910 $1,280 $1,540
56684 $710 $720 $910 $1,280 $1,540
56716 $710 $720 $910 $1,280 $1,540
56721 $710 $720 $910 $1,280 $1,540
56722 $710 $720 $910 $1,280 $1,540
56723 $710 $720 $910 $1,280 $1,540
56736 $710 $720 $910 $1,280 $1,540
56742 $710 $720 $910 $1,280 $1,540
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
56517 $639 $648 $819 $1,152 $1,386
56523 $639 $648 $819 $1,152 $1,386
56535 $639 $648 $819 $1,152 $1,386
56556 $639 $648 $819 $1,152 $1,386
56646 $639 $648 $819 $1,152 $1,386
56684 $639 $648 $819 $1,152 $1,386
56716 $639 $648 $819 $1,152 $1,386
56721 $639 $648 $819 $1,152 $1,386
56722 $639 $648 $819 $1,152 $1,386
56723 $639 $648 $819 $1,152 $1,386
56736 $639 $648 $819 $1,152 $1,386
56742 $639 $648 $819 $1,152 $1,386
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
56517 $781 $792 $1,001 $1,408 $1,694
56523 $781 $792 $1,001 $1,408 $1,694
56535 $781 $792 $1,001 $1,408 $1,694
56556 $781 $792 $1,001 $1,408 $1,694
56646 $781 $792 $1,001 $1,408 $1,694
56684 $781 $792 $1,001 $1,408 $1,694
56716 $781 $792 $1,001 $1,408 $1,694
56721 $781 $792 $1,001 $1,408 $1,694
56722 $781 $792 $1,001 $1,408 $1,694
56723 $781 $792 $1,001 $1,408 $1,694
56736 $781 $792 $1,001 $1,408 $1,694
56742 $781 $792 $1,001 $1,408 $1,694

Fair Market Rents on this page apply to the following cities in Polk County, Minnesota: East Grand Forks, Crookston, Erskine, Mcintosh, Fisher, Mentor, Oklee, Beltrami, Climax, Gully, Trail, and Euclid.

These Fair Market Rents also apply to the following ZIP codes in Polk County, Minnesota: 56721, 56716, 56535, 56556, 56723, 56736, 56742, 56517, 56523, 56646, 56684, and 56722.

Polk County, MN is considered part of the following metro FMR area: GRAND FORKS, ND-MN MSA.

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Data Source

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