Location: Pine County, MN | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $303,110 | 0.51% | F |
| 3BR | $2,040 | $352,243 | 0.58% | F |
| 4BR | $2,280 | $390,656 | 0.58% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $1270 for ZIP code 55069 (Rush City, MN) in fiscal year 2024, landlords can expect to receive a competitive subsidy. The Census Bureau reports the average market rent at $986, indicating that properties priced at the FMR will be attractive to tenants seeking assistance through the Section 8 program. The median home value stands at $312,670, suggesting a stable housing market where investment can yield solid returns. In Rush City, 21.8% of the population are renters, a figure that underscores the demand for rental properties in the area. The median income is $75,179, which is a key metric for assessing the financial health of potential tenants and their ability to contribute to the rent beyond the subsidy. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the overall economic indicators point towards a favorable environment for rental investments. Landlords and small-portfolio investors should focus on properties that meet the criteria for the Section 8 program, ensuring they are well-maintained and competitively priced at or near the $1270 FMR. Given the robust median income and stable median home value, these investments are likely to perform well. The verdict for Section 8 in Rush City, MN, is positive, with strong potential for steady cash flow and tenant stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.