Location: Renville County, MN | Metro: Brown County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
U.S. Census Bureau data (2024)
The ZIP code 55333 stands out due to its unique mix of low rental rates and relatively high median home values. With only 698 residents, it has a rental rate of 11.9%, which is significantly lower than the national average. The median income in this area is $54,688, while the median home value is notably higher at $164,573. This suggests that homeownership is more prevalent and valued in this community.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050. However, the current market rent, according to the Census ACS, is $825. This discrepancy means that landlords who accept Section 8 vouchers can potentially charge more than the typical market rate, increasing their profitability.
The data signature for ZIP 55333 reads as stable. The low percentage of renters indicates a strong preference for homeownership among the local population, which is supported by the high median home value. Despite the economic benefits of accepting Section 8 vouchers, the overall trend suggests that the majority of residents are likely to continue owning rather than renting their homes. This stability provides a predictable environment for landlords and small-portfolio investors, ensuring steady demand for housing without significant fluctuations.
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.