Location: Todd County, MN | Metro: Douglas County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 56319 suggests a balanced market with moderate potential for growth over the next 12-24 months. The median home value stands at $309,177, indicating a middle-tier housing market where affordability plays a significant role in demand. Despite the N/A% of listings being reduced, which could imply stable listing prices without widespread discounts, the N/A-day median days on market (DOM) provides limited insight into the speed of transactions, leaving room for speculation on the local market's efficiency.
On the rental side, the Federal Market Rent (FMR) for ZIP 56319 is projected to be $1,000 per month for the fiscal year 2026, slightly below the current market rate of $1,071. This suggests that rental prices are likely to remain steady, possibly even increasing slightly to align with the higher market rate. Landlords and small-portfolio investors should consider maintaining their current rents or implementing modest increases to stay competitive and maximize returns.
For long-term investors, the data implies a realistic appreciation thesis based on the current economic indicators and historical trends. Given the median home value and the slight disparity between the FMR and market rent rates, it is reasonable to expect that property values will appreciate gradually, aligning with inflationary pressures and the natural growth of the local economy. However, the lack of specific percentage changes in listings and DOM figures means that rapid appreciation is unlikely. Instead, the setup points toward a sustainable but modest increase in property values, making long-term investment a prudent strategy.
In summary, the combination of a moderate median home value, steady rental prices, and the absence of widespread price reductions or extended DOM periods suggests a stable market with opportunities for gradual growth. Landlords and investors can expect to maintain their current positions or see slight improvements in property values and rental income over the coming years, contingent upon broader economic conditions and localized factors.
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.