Location: Pope County, MN | Metro: Douglas 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 | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $327,042 | 0.32% | F |
| 3BR | $1,290 | $338,437 | 0.38% | F |
| 4BR | $1,390 | $383,607 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 56334 in Minnesota has a population of 5,776 residents, with 17.5% being renters. This indicates that it is not heavily dominated by renters; rather, homeownership is more prevalent. However, there is still a notable presence of renters, which could translate into some demand for Section 8 housing vouchers.
The median household income in this ZIP code is $69,525. The market rent is priced at $884 per month, which represents approximately 16.1% of the median income when calculated on an annual basis. This percentage suggests that typical rents are reasonably affordable for the average resident, though they may still struggle without assistance.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $1,030 for the fiscal year 2026 in the metro area, the current market rent is below the FMR. This means that landlords in ZIP 56334 can potentially attract tenants who qualify for housing vouchers, as their rental rates are within the subsidized range.
A landlord in this ZIP code should expect a mix of tenants, including those who may require housing vouchers due to lower income levels relative to the median. The voucher demand will be moderate given the proportion of renters, but the affordability of the market rent makes it a viable option for Section 8 participants.
To summarize, ZIP 56334 is not a renter-heavy area but does have a sufficient number of renters to create a modest demand for Section 8 vouchers. The market rent is relatively low compared to the median income and the FMR, making it accessible for a variety of tenants, including those with housing assistance. Landlords can expect tenants who are likely to be financially responsible and within the income guidelines for receiving rental subsidies.
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.