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RentData.org Logo Lake County Fair Market Rent FY 2013 Lake County, MN Rental Data

Fair Market Rent Prices in Lake County, MN :
$410 $481 $651 $925 $948
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Lake County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake County is $651 per month.

The previous year, rent for a two-bedroom home was $661 per month. This is a 1.51% decrease 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 which is listed in the table below. Estimated population of Lake County, MN FMR area is 10,866 people based on latest Census data.

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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 $ 454
1-BR 1-Bedroom $ 533
2-BR 2-Bedroom $ 721
3-BR 3-Bedroom $ 1024
4-BR 4-Bedroom $ 1050
Change Year:

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

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