Location: Mower County, MN | Metro: Mower County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
ZIP code 55933, located in Mower County, MN metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area is set at $970 for fiscal year 2026, while the market rent stands at $875. This creates a spread of $95 per unit, which landlords can leverage to ensure stable cash flow.
The higher FMR compared to the market rent means that landlords participating in the Section 8 program will receive a subsidy that exceeds the local rental rates. This is particularly beneficial in an environment where renter shares are lower, at 7.0%, indicating less competition among renters. With a median income of $56,250, tenants in this ZIP code are likely to be financially stable, reducing the risk of default on rent payments.
Despite the lack of specific data regarding price-cut share and days on market (DOM), the consistent spread between FMR and market rent makes ZIP 55933 a reliable choice for generating predictable cash flow. Landlords should focus on maintaining properties that meet the necessary standards to qualify for the Section 8 program, thereby securing a steady stream of rental income above the prevailing market rates.
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.