Section 8 Fair Market Rent (FMR) for ZIP 55955 - 2027

Location: Rochester, MN | Metro: Rochester, MN HUD Metro FMR Area

Investment Score for ZIP 55955

Monthly Rent (2BR)

$1,350

Median Price (2BR)

$365,577

1% Rule

0.37%

Annual Yield

4.43%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,120
1 Bedroom	$1,160
2 Bedrooms	$1,350
3 Bedrooms	$1,870
4 Bedrooms	$2,260
5 Bedrooms	$2,622
6 Bedrooms	$2,937
7 Bedrooms	$3,172
8 Bedrooms	$3,331

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,350	$365,577	0.37%	F
3BR	$1,870	$479,009	0.39%	F
4BR	$2,260	$556,643	0.41%	F
5BR	$2,622	$605,484	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,605

Median Household Income

$132,524

Housing Units

993

Renter Percentage

9.4%

Occupancy Rate

96.8%

Renter Occupied

Mantorville, MN, located in the heart of Wabasha County, is a small town known for its agricultural heritage and close-knit community. The local economy benefits from a diverse mix of industries, including agriculture, manufacturing, and healthcare, providing a stable environment for real estate investments.

The Fair Market Rent (FMR) for a two-bedroom apartment in Mantorville for fiscal year 2024 is set at $1,110, reflecting the affordability of rental housing in the area.
The average market rent for properties in Mantorville, as reported by the Census Bureau's American Community Survey, stands at $1,475. This indicates that landlords can potentially charge above the FMR, leading to higher rental incomes.
The median home value in Mantorville is $448,408, which is relatively high compared to other rural areas, suggesting strong demand for homeownership.
Renters make up only 9.4% of the population, indicating a preference for owning homes over renting, which could impact the number of available tenants.
The median household income in Mantorville is $132,524, which is significantly higher than the national average. This suggests that residents have disposable income for housing, making it a desirable location for investment.
The days on market (DOM) data is currently unavailable, but given the high median income and limited rental stock, it is likely that properties are sold quickly once listed.

In summary, Mantorville offers a stable market for real estate investments, particularly in rental properties, due to its high median income and robust local economy. While the FMR provides a benchmark for affordable rents, market rents are higher, offering a potential profit margin. However, the low renter share implies a smaller pool of tenants, so targeting specific segments such as young professionals or families seeking affordable housing could be beneficial. Despite the lack of DOM data, the overall economic conditions suggest that properties in Mantorville would attract interest swiftly, making it a sound investment choice for landlords and small-portfolio investors.

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.