Logo Steele County Fair Market Rent FY 2006 Steele County, MN Rental Data

Fair Market Rent Prices in Steele County, MN :
$391 $474 $599 $754 $982
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 Steele County are high compared to the national average. This FMR area is more expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Steele County is $599 per month.

This FMR rate applies to Hope, MN, Waseca, MN, Owatonna, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27147N27147.

Additionally, This Fair Market Rent (FMR) area Steele County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Steele County, MN FMR area is 33,680 people based on latest Census data.

Compared to the rest of Minnesota, the Steele County FMR area is more expensive than 93% 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 Steele County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Steele 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 $ 402
1-BR 1-Bedroom $ 504
2-BR 2-Bedroom $ 619
3-BR 3-Bedroom $ 784
4-BR 4-Bedroom $ 1087
Change Year:

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

County / Region Est. Population
Steele County, MN 33,680
Zip Codes in Steele County, MN

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

55060, 56046 and 56093

Lookup Fair Market Rent by Zip Code