Location: Martin County, MN | Metro: Martin 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 | $840 |
| 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 | $116,058 | 0.87% | C |
| 3BR | $1,340 | $178,425 | 0.75% | D |
| 4BR | $1,340 | $245,511 | 0.55% | F |
U.S. Census Bureau data (2024)
The market in Trimont, MN (ZIP 56176) presents a dynamic environment where the Federal Market Rent (FMR) at $970 for the fiscal year 2026 stands notably above the current market rent of $620, as reported by the Census American Community Survey (ACS). This discrepancy suggests that there might be an upward pressure on rental prices, indicating potential growth in demand relative to supply.
A median home value of $211,379 provides insight into the overall cost of homeownership in the area. While the data does not explicitly indicate the rate of price cuts or days on the market (DOM), the significant gap between FMR and market rent implies that landlords could see opportunities for increasing rents to align more closely with government standards, assuming the local economy supports such adjustments.
The 23.4% renter share is a critical figure in understanding the long-term housing dynamics. With nearly a quarter of the population renting, it indicates a segment of the market that is less tied to homeownership, which can contribute to ongoing housing pressure. Renters often represent a more flexible demographic that can respond quickly to changes in the market, potentially driving demand higher if economic conditions improve or attract new residents to the area.
In summary, Trimont's market shows signs of being driven by factors that suggest demand could be catching up with or surpassing supply, especially considering the disparity between FMR and current market rent. The presence of a notable renter population further underscores the fluidity of the housing market, making it an area of interest for landlords and small-portfolio investors looking to capitalize on potential rental price increases and sustained demand.
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.