Location: Kanabec County, MN | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
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 | $1,120 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $277,377 | 0.56% | F |
| 3BR | $2,040 | $305,795 | 0.67% | D |
| 4BR | $2,280 | $365,068 | 0.62% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 56358 in Ogilvie, Minnesota reveals a favorable cashflow scenario when comparing the HUD Fair Market Rent (FMR) of $1270 against the Census ACS reported market rent of $1,168 for the fiscal year 2024. This indicates that landlords can expect a positive cashflow from voucher tenants even without premium units, as the FMR exceeds the average market rent.
The median home value in this area stands at $279,969. To derive the rent-to-price ratio, we divide the HUD FMR by the median home value, which gives us approximately 0.45%. This ratio suggests that rental income relative to property values is low, indicating that the investment potential leans more towards owning properties rather than renting them out for maximum returns.
Note that the median Days on Market (DOM) and the percentage of price cuts are not available for this ZIP code. However, the strong cashflow position derived from the comparison between FMR and market rent implies that the stability of rental income is a significant factor for investors. Given the positive cashflow and the lack of volatile market conditions, the strongest investor angle in ZIP 56358 is stability, ensuring consistent and reliable returns on investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.