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RentData.org Logo Lake County Fair Market Rent FY 2016 Lake County, MN Rental Data

Fair Market Rent Prices in Lake County, MN :
$516 $625 $837 $1,039 $1,147
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Lake County are high compared to the national average. This FMR area is more expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake County is $837 per month.

The previous year, rent for a two-bedroom home was $733 per month. This is a 14.19% increase year-over-year.

This FMR rate applies to Beaver Bay, MN, Brimson, MN, Isabella, MN, Knife River, MN, Finland, MN, Silver Bay, MN, Ely, MN, Two Harbors, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27075N27075.

Additionally, This Fair Market Rent (FMR) area Lake County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Lake County, MN FMR area is 10,866 people based on latest Census data.

Compared to the rest of Minnesota, the Lake County FMR area is more expensive than 87% of the state.

Minnesota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lake County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lake County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 595
1-BR 1-Bedroom $ 721
2-BR 2-Bedroom $ 965
3-BR 3-Bedroom $ 1197
4-BR 4-Bedroom $ 1323
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Lake County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Duluth - Superior.

County / Region Est. Population
Lake County, MN 10,866
Zip Codes in Lake County, MN

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

55601, 55602, 55603, 55607, 55609, 55614, 55616 and 55731

Lookup Fair Market Rent by Zip Code

What's Next?

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