Location: Rock County, MN | Metro: Rock County, MN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 56134, located in the Rock County, MN HUD Metro FMR Area, is set at $970 per month for fiscal year 2026. This figure represents the maximum amount that landlords can charge tenants who receive Section 8 housing assistance. In contrast, the Census American Community Survey (ACS) reports the average market rent for the area to be $663 per month. This indicates that voucher tenants can cashflow at the HUD FMR rate, providing a significant financial advantage to landlords willing to accept Section 8 vouchers.
The median home value in ZIP code 56134 is not available, which means we cannot directly calculate a rent-to-price ratio. However, the absence of this data does not necessarily indicate a weak market; it could simply mean that there is a limited supply of homes for sale, or that the area is predominantly rental-focused. Given the discrepancy between the HUD FMR and the actual market rent, landlords have an opportunity to earn above-average returns by participating in the Section 8 program.
The days on market (DOM) and price-cut share figures are also not available. These metrics typically help investors gauge the balance between renting and buying. The lack of such data suggests that the rental market might be more dominant, making it a favorable environment for landlords looking to maximize their income through Section 8 participation.
The strongest angle for investors in ZIP code 56134 is cashflow. With the HUD FMR significantly higher than the market rent, landlords can expect positive cashflow when accepting Section 8 vouchers, thereby securing steady income without the need for property appreciation or market stability to generate returns.
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.