Section 8 Fair Market Rent (FMR) for ZIP 56619 - 2027

Location: Beltrami County, MN | Metro: Beltrami County, MN

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$940
2 Bedrooms	$1,230
3 Bedrooms	$1,470
4 Bedrooms	$2,040
5 Bedrooms	$2,366
6 Bedrooms	$2,650
7 Bedrooms	$2,862
8 Bedrooms	$3,005

The ZIP code 56619, located in Minnesota, is a region that requires careful examination for potential investments due to limited available data. The following analysis will provide insights based on the current information accessible.

The Fair Market Rent (FMR) for ZIP 56619 in fiscal year 2026 is set at $1,140. This figure represents the maximum amount a landlord can charge for a rental property under the Section 8 program.
Market rent data is currently unavailable for this area, which makes it challenging to compare against the FMR and gauge the profitability of renting properties without subsidy.
The median home value is also not available, indicating a lack of comprehensive data on property values within the ZIP code.
Renter share data is missing, making it difficult to assess the proportion of residents who are likely to be interested in rental properties.
The Days on Market (DOM) statistic is not available, which would have helped understand how quickly properties are typically sold or rented in this area.
Data on the median income of the area is not available, which is crucial for understanding the economic capacity of the residents to afford housing.

In summary, while the Fair Market Rent for ZIP 56619 stands at $1,140, the absence of key metrics such as market rent, median home value, renter share, DOM, and median income leaves significant gaps in assessing the overall investment climate. Landlords and small-portfolio investors should proceed with caution, seeking additional local insights before making any decisions. The reliance on FMR alone does not provide a complete picture of the market dynamics, necessitating further research to mitigate risks associated with incomplete data.

Data Sources: FMR data from HUD (2027).

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.