Location: Pine County, MN | Metro: Duluth, MN-WI MSA
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 | $780 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $274,314 | 0.41% | F |
| 3BR | $1,540 | $331,048 | 0.47% | F |
U.S. Census Bureau data (2024)
Moose Lake, MN, ZIP code 55767, is characterized by a modest-sized community of 4,582 residents, where 17.9% are renters. The area reflects a stable, middle-class environment, given the median household income of $78,988. Home values in this region are notably high, with a median home value of $281,823, indicating a robust local real estate market.
The economic landscape for rental properties in Moose Lake is particularly interesting. The Fair Market Rent (FMR) for ZIP 55767 as of fiscal year 2024 is set at $1040. However, the actual market rent, according to the latest Census ACS data, is $931. This discrepancy suggests that there is potential for both profit and government support through the Section 8 program. Landlords can benefit from the higher FMR rate while still remaining competitive in the local rental market.
Given these conditions, ZIP 55767 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those seeking a low-maintenance investment strategy, the consistent demand for affordable housing coupled with the availability of Section 8 vouchers ensures a steady stream of income. Meanwhile, active investors looking to improve their property values can leverage the gap between the FMR and market rent to enhance their properties and attract tenants willing to pay closer to the FMR rates.
In conclusion, Moose Lake, MN, offers a balanced opportunity for Section 8 investors. With a median income that supports a healthy real estate market and a significant difference between FMR and market rent, both passive and active investors can find a viable strategy. The hands-off approach benefits from government subsidies, whereas the hands-on strategy can capitalize on improving property values and increasing rental income.
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.