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RentData.org Logo Lake of the Woods County Fair Market Rent FY 2020 Lake of the Woods County, MN Rental Data

Fair Market Rent Prices in Lake of the Woods County, MN :
$513 $591 $778 $970 $1,096
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 of the Woods County are average compared to the national average. This FMR area is more expensive than 54% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake of the Woods County is $778 per month.

The previous year, rent for a two-bedroom home was $749 per month. This is a 3.87% increase year-over-year.

This FMR rate applies to Angle Inlet, MN, Oak Island, MN, Roosevelt, MN, Williams, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27077N27077.

Additionally, This Fair Market Rent (FMR) area Lake of the Woods County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Lake of the Woods County, MN FMR area is 0 people based on 2000 Census data.

Compared to the rest of Minnesota, the Lake of the Woods County FMR area is more expensive than 54% of the state.

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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 of the Woods County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lake of the Woods 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 $ 541
1-BR 1-Bedroom $ 623
2-BR 2-Bedroom $ 820
3-BR 3-Bedroom $ 1022
4-BR 4-Bedroom $ 1155
Change Year:

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

County / Region Est. Population
Lake of the Woods County, MN 0
Zip Codes in Lake of the Woods County, MN

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

56673, 56686, 56711 and 56741

Lookup Fair Market Rent by Zip Code
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