Location: Crow Wing County, MN | Metro: Crow Wing 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 | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $208,261 | 0.52% | F |
| 3BR | $1,310 | $266,192 | 0.49% | F |
| 4BR | $1,500 | $358,713 | 0.42% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 56441 in Minnesota for the metro fiscal year 2026 is set at $1,030. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning it's the maximum amount that the government will pay towards a tenant's rent in this area. However, this does not dictate your rent price; it serves as an upper limit for reimbursement.
To put this into perspective, the average rent in ZIP 56441, according to Census ACS data, is $856. This indicates that the FMR is higher than the typical market rate, which can be advantageous for landlords participating in the Section 8 program as they might receive a slightly better reimbursement compared to the average local rent.
The rental market in this area shows strong demand, with 32.9% of residents being renters. This high percentage suggests a steady pool of potential tenants who could benefit from the Section 8 program. For landlords, this means a reliable stream of applicants who qualify for assistance, ensuring occupancy rates remain high.
If you're looking to acquire a property in ZIP 56441, the median home value is around $240,588. This figure helps you understand the acquisition costs and can guide your investment decisions. When calculating the feasibility of a Section 8 rental, consider this median price alongside the FMR and typical rent to determine if the investment aligns with your financial goals.
Before proceeding with a Section 8 rental in ZIP 56441, ensure that the property meets the required inspection standards. The government conducts thorough inspections to make sure the housing conditions meet the minimum health and safety requirements. Failure to comply with these standards can result in penalties or loss of eligibility for the program.
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.