The median 2 bedroom fair market rent across Lake of the Woods County's 4 tracked ZIP codes is $1,120 for FY2026. Rents here moved +7.5 percent year over year.
| ZIP | City | 2BR FMR | YoY | Market rent |
|---|---|---|---|---|
| 56686 | Williams | $1,190 | -2.5% | |
| 56711 | Angle Inlet | $1,120 | -1.8% | |
| 56741 | Oak Island | $1,010 | +8.6% | |
| 56623 | Baudette | $1,000 | +7.5% |
FMR is the HUD Fair Market Rent for each ZIP, the 40th percentile of gross rents. Market rent is the latest Zillow ZORI where Zillow covers that ZIP.
Get an email when rents change in Lake of the Woods County. We will send a short note, not a newsletter.
The median 2 bedroom HUD fair market rent across Lake of the Woods County's 4 tracked ZIP codes is $1,120 for FY2026. Rent varies by ZIP, so use the table on this page for a specific area.
Oak Island 56741 saw the biggest increase, +8.6 percent year over year. Williams 56686 saw the biggest decrease, -2.5 percent.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP code. It sets Section 8 payment standards, so it is the rent a voucher will support there. Investors use it as a conservative floor when underwriting rental income.
Pencilwrite turns an address, a price, and these rents into a full underwrite, cap rate, cash-on-cash, DSCR, true ROE, taxes, and an offer you can send. Limited beta access spots open. Sign up for the beta, opening in the next two months. Free.
