Location: Goodhue County, MN | Metro: Goodhue County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
U.S. Census Bureau data (2024)
ZIP 55026, located in Goodhue County, MN, serves as an ideal diversifier within a Section 8 portfolio strategy. With a renter share of 9.8%, the area offers a mix of homeowners and renters, creating a balanced investment opportunity. The median income of $96,667 suggests a stable economic base that supports a variety of housing needs, including those covered under Section 8.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,640, while the market rent stands slightly higher at $1,643. Given the median home value of $326,723, the area maintains a modest spread between FMR and market rents, making it a reliable cash-flow anchor. However, since the FMR and market rent figures are nearly identical, the potential for significant appreciation is limited. The price-cut share and days on market (DOM) are not available, indicating a steady market without notable fluctuations.
Incorporating ZIP 55026 into a Section 8 portfolio ensures stability and reduces risk, as it balances the need for both rental and ownership opportunities. This ZIP code offers a consistent income stream through moderate rental rates, aligning well with the financial support provided by Section 8 vouchers. Landlords and small-portfolio investors can benefit from the predictable nature of the local economy and housing market, ensuring long-term sustainability within their investment strategies.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.