Section 8 Fair Market Rent (FMR) for ZIP 55745 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 55745, located in Minnesota, is situated within a region that offers a blend of rural charm and suburban convenience. It is part of a larger metropolitan area where the cost of living is influenced by both urban and rural factors. This analysis provides key insights into the rental market dynamics, focusing on data relevant to landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,070.
• Market rent data for ZIP 55745 is currently unavailable, indicating a lack of recent transactions or listings which could affect pricing strategies.
• The median home value for this ZIP code is also not available, suggesting that the area may have limited residential property sales data.
• Renter share data is missing, making it difficult to assess the proportion of residents who are likely to be tenants rather than homeowners.
• Average days on market (DOM) data is not provided, which would typically help gauge how quickly properties are rented out in the area.
• Middle-income levels are not specified, which is critical for understanding the economic makeup of potential tenants and their ability to pay higher rents.

Despite the limitations in available data, the FMR provides a benchmark for setting rental prices for units in ZIP 55745. However, without specific market rent figures, landlords must rely on regional trends and adjust based on local demand. The lack of median home value and renter share percentages suggests a less competitive market compared to urban centers, potentially offering more stability but with fewer opportunities for rapid appreciation in property values. To succeed as an investor in this area, focus on properties that meet the needs of the middle-income demographic and ensure they are priced competitively against the FMR. Regular monitoring of the local real estate market and tenant demographics will be crucial for making informed decisions.

Data Sources: FMR data from HUD (2027).

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.