Location: Jackson County, MN | Metro: Jackson County, MN
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 | $710 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $160,713 | 0.63% | D |
| 3BR | $1,340 | $216,129 | 0.62% | D |
| 4BR | $1,340 | $249,238 | 0.54% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026, landlords in ZIP code 56143, Jackson, MN, can expect to receive substantial subsidies under the Section 8 program. The market rent, as reported by the Census ACS, stands at $770, indicating that the federal subsidy covers a significant portion of the rental cost. Given the median home value of $200,185, it's clear that property values in this area are relatively stable, making it an attractive investment for those looking to maintain property value while receiving consistent rental income. With 28.2% of the population being renters, there is a notable demand for rental properties, ensuring a steady stream of potential tenants. The median income of $70,771 suggests that the local economy supports a reasonable level of financial stability among residents, which is favorable for maintaining a reliable tenant pool. Despite the lack of available data on days on market (DOM), the low price-cut share of 0.1% indicates that sellers are generally successful in achieving their asking prices without significant reductions. This further supports the notion that the rental market in Jackson, MN, is robust and that landlords can confidently set competitive rents. In conclusion, the combination of a strong rental subsidy, stable property values, and a healthy local economy makes ZIP code 56143 a prime location for Section 8 investments. Landlords should consider this area as it offers a solid opportunity to maximize returns while providing affordable housing options.
Section 8 Verdict: Jackson, MN, is a highly favorable location for Section 8 investments.
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.