Clay County fair market rent FY 2027Minnesota, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Clay County, Minnesota is $1,104 a month, effective October 1, 2026: $781 for a studio, $903 for one bedroom, $1,529 for three and $1,845 for four. It is set for the Fargo, ND-MN MSA. The FY 2026 two-bedroom FMR was $1,112 (-0.7%).
Clay County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $781 | $768 | +1.7% | $702 to $859 |
| 1 bedroom | $903 | $917 | -1.5% | $812 to $993 |
| 2 bedrooms | $1,104 | $1,112 | -0.7% | $993 to $1,214 |
| 3 bedrooms | $1,529 | $1,547 | -1.2% | $1,376 to $1,681 |
| 4 bedrooms | $1,845 | $1,865 | -1.1% | $1,660 to $2,029 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Clay County compares
Clay County's two-bedroom FMR of $1,104 is the 33rd highest of 87 counties in Minnesota, where the county median is $1,048 and the range $1,014 to $1,734. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Clay County ranks 1397th.
HUD sets one FMR for each metropolitan area, so Cass County, ND has the same figures as Clay County (Fargo, ND-MN MSA).
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Fargo, ND-MN MSA it lists 55 ZIP codes, with two-bedroom Small Area FMRs from $1,010 to $1,500. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Minnesota counties · Fair market rents in every state
More for Clay County
- Clay County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Clay County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Clay County property
HeritageDeed does not search title records in Clay County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Clay County fair market rent
What is the fair market rent in Clay County for FY 2027?
$781 for a studio, $903 for one bedroom, $1,104 for two, $1,529 for three and $1,845 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Clay County for FY 2026?
$768 for a studio, $917 for one bedroom, $1,112 for two, $1,547 for three and $1,865 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Clay County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $993 to $1,214 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Clay County's fair market rent high for Minnesota?
$1,104 for two bedrooms ranks 33rd of 87 counties in Minnesota; the state's county median is $1,048 (range $1,014 to $1,734) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/minnesota/clay-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.