Location: Murray County, MN | Metro: Murray County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 56125, located in Murray County, MN metro, reveals several key points for potential Section 8 real-estate investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,190. However, due to limited data, the comparison to market rent cannot be made. This uncertainty suggests that landlords should closely monitor local rental trends to ensure profitability.
Regarding the affordability of acquisitions, the lack of specific figures for the median home value, days on market (DOM), and percentage of homes requiring price cuts complicates a straightforward assessment. Landlords must conduct thorough research into individual property values and market conditions to make informed decisions about purchasing properties in this area.
Tenant demand is another critical factor. ZIP 56125 has a total population of 41, with 3.8% identified as renters. Given the small population size, the number of potential tenants is limited, which could affect occupancy rates and income stability.
In conclusion, while the FMR provides a clear benchmark for rental income at $1,190, the limited data on market rent, median home values, and days on market introduce significant uncertainty. The low population and minimal renter share indicate a constrained pool of potential tenants, which may impact the viability of Section 8 investments in this ZIP code. Landlords and investors should proceed with caution and seek detailed local market insights before committing to acquisitions in Murray County, MN metro's ZIP 56125.
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.