Section 8 Fair Market Rent (FMR) for ZIP 55979 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 55979

• HRA of WINONA, MINNESOTA (Winona, MN)

The ZIP code 55979, located in the suburban expanse of Minnesota, offers a stable and growing rental market for landlords and small-portfolio investors. With a mix of residential areas and local amenities, this region provides a solid foundation for investment opportunities.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 55979 for fiscal year 2024 is set at $1250. This figure represents the benchmark for rental pricing and can guide landlords in setting competitive rates.
• The average market rent for properties in this ZIP code, according to the Census Bureau's American Community Survey (ACS), stands at $1,107. This slightly lower figure suggests that there is room for landlords to adjust their rents closer to the FMR without alienating tenants.
• The median home value in ZIP 55979 is $386,507. This indicates a relatively affluent area where property values are likely to remain steady or increase, providing a good long-term investment scenario.
• Renters make up 22.6% of the population in this ZIP code, reflecting a modest but present demand for rental housing. This percentage can be crucial for investors looking to gauge the potential rental market size.
• The median income in the area is $85,417. This economic indicator points towards a financially capable tenant base, which can reduce the risk of default on rental payments.
• The Days on Market (DOM) data is currently N/A, suggesting that there may be limited recent sales activity or that the data is not fully updated. However, this should not deter investors, as other metrics still provide valuable insights into the market.

Investors in ZIP 55979 can expect a moderate rental market with room for growth, given the slight gap between the market rent and the FMR. The high median home value and median income indicate a strong economic base, which supports property appreciation and tenant reliability. Although the DOM data is unavailable, the combination of these other factors paints a picture of a reliable and potentially lucrative investment opportunity for those interested in the rental market in this ZIP code.

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.