Location: Lyon County, MN | Metro: Lyon County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
ZIP code 56239, located within the Lyon County, MN metro area, presents an interesting profile when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 56239 is set at $1,100 for fiscal year 2026, which is notably higher than the market rent figure of $936. This indicates that the government's estimate of what constitutes a fair rent price in this ZIP code exceeds the actual market rate, potentially signaling a value pocket for Section 8 participants.
The renter share in ZIP 56239 stands at 13.2%, which is a significant portion of the housing market but not necessarily indicative of a large demand for subsidized housing. The absence of a reported home value suggests that there might be limited data on property sales or that the area primarily consists of rental properties rather than owner-occupied homes. This characteristic aligns with areas where rental housing is more prevalent, often appealing to tenants who benefit from the Section 8 program.
When considering ZIP 56239 within the broader context of Lyon County, MN, it can be inferred that this ZIP code leans towards being a value pocket for Section 8 tenants. The discrepancy between the FMR and the market rent, combined with a relatively high renter share, points to a scenario where rental properties could attract both regular market renters and those benefiting from government subsidies. This dynamic creates a situation where landlords can potentially receive rents closer to the FMR, thus increasing their profitability while still remaining attractive to tenants under the Section 8 program.
Landlords and small-portfolio investors should note that ZIP 56239 offers a unique opportunity to leverage the higher FMR to secure stable tenancy through the Section 8 program. While the exact home values are not available, the focus on rental properties and the favorable rent dynamics make this ZIP code a strategic investment location for those interested in participating in the Section 8 housing assistance program.
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.