Location: Todd County, MN | Metro: Otter Tail County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 56437 within the Todd County, MN metro reveals several key points regarding its housing market dynamics compared to other ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 56437 stands at $970 for fiscal year 2026, which is slightly above the market rent figure of $900. This indicates that the rental market in 56437 is somewhat favorable for landlords, as they can expect rents to be higher than the average market rate.
Regarding home values, ZIP 56437 has an average home value of $218,942. This figure suggests that the area is neither excessively expensive nor particularly affordable when contrasted against typical Todd County ZIP codes. It places 56437 squarely in the middle of the housing price spectrum, making it a mid-tier neighborhood within the Todd County metro.
The renter share in ZIP 56437 is 18.0%, which is notable as it suggests a significant portion of residents are renters rather than homeowners. This high percentage of renters, combined with below-metro average home values, could signal a potential sweet spot for Section 8 investments. Landlords and small-portfolio investors should consider this ZIP code for properties that cater to the rental market, as it offers a balance between manageable property acquisition costs and potentially higher-than-average rental income.
To further contextualize these figures, a comparison with broader Todd County metrics would provide clearer insights into the specific advantages and challenges of investing in ZIP 56437. However, based on the provided data, it is reasonable to infer that 56437 represents a value pocket within the Todd County metro, offering opportunities for rental investment without the burden of premium home values.
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.