Location: Renville County, MN | Metro: Renville County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
ZIP code 56230, located in Renville County, Minnesota, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070, which stands above the current market rent of $900. This $170 monthly spread ensures that landlords receive a stable, government-backed income that exceeds local market rates.
The median home value in ZIP 56230 is $183,711, making it a relatively affordable area for investment. Given the guaranteed rental income from Section 8, landlords can expect positive cash flow from properties in this ZIP code, even if they are priced slightly higher than the median. This is particularly beneficial because it mitigates the risk associated with finding tenants and collecting rent in a volatile market.
The lack of specific data on price-cut shares and days on market (DOM) suggests that appreciation plays might not be the primary focus in this area. However, the 17.1% renter share indicates a significant portion of the population relies on renting, which aligns well with the Section 8 program's tenant base. Additionally, the median income of $64,583 supports the viability of the Section 8 program, ensuring that there is a consistent demand for subsidized housing.
In summary, ZIP 56230 should be considered a cash-flow anchor due to the favorable spread between the FMR and market rent. Landlords can rely on steady, government-supported rental income, making it a safe and predictable addition to their portfolio. The combination of stable rents and a substantial renter population ensures long-term financial security and reduces the need for constant property management adjustments.
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.