Location: Cass County, MN | Metro: Cass County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 56626 presents an interesting mix of yield and stability factors for real estate investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the market rent stands at $857. This indicates that the potential rental income is slightly below the metro average, suggesting a moderate yield environment.
Investing in this area does not offer the high-yield characteristics typical of flip-style markets. Instead, it leans towards providing steady cash flow. The primary driver for this classification is the relatively low percentage of renters at 34.1%, which is indicative of a stable community where long-term tenancy is more likely. Additionally, the median household income of $44,853 supports the notion of stability, as it suggests a consistent economic base capable of sustaining rental payments over time.
While the data does not provide the number of days on market (DOM), which would further clarify the liquidity of the housing market, the other metrics point towards a balanced investment opportunity. The FMR and market rent figures suggest that properties in this ZIP can command rents close to the metro average, but the lower percentage of renters implies less speculative activity and a preference for stable, long-term investments.
In summary, ZIP 56626 is best classified as a steady-cashflow zone. The rental income is competitive, and the stability factors, such as the renter percentage and median income, support this conclusion. Investors looking for reliable, ongoing returns rather than quick flips should find this area suitable for their portfolio needs.
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.