Location: Wabasha County, MN | Metro: Wabasha County, MN HUD Metro FMR Area
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 | $990 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $264,325 | 0.42% | F |
| 3BR | $1,470 | $313,790 | 0.47% | F |
| 4BR | $1,530 | $385,034 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 55981, encompassing Wabasha, Minnesota, is a rural community situated along the Mississippi River. Known for its serene landscapes and close-knit community, Wabasha offers a stable environment for real estate investments, particularly in rental properties.
Investors looking to enter the Wabasha market can expect a niche but consistent rental demand. With the Fair Market Rent exceeding the average market rent, there's potential for rental properties to command higher rates. The median home value suggests that while property values are not exceptionally high, they offer a solid foundation for investment. Given the 22.0% renter share, there is a clear need for affordable housing options, making it a favorable environment for small-scale landlords and portfolio investors. The median income level supports the feasibility of tenants meeting rental obligations, reducing financial risk. Overall, Wabasha presents a balanced opportunity for those interested in a low-key, yet promising, real estate market.
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.