Location: Beltrami County, MN | Metro: Beltrami County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 56683, located in Beltrami County, MN, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,330, whereas the market rent is significantly lower at $525. This discrepancy means that properties in this ZIP code can be rented out at the higher FMR rate through Section 8 vouchers, providing a substantial cash flow advantage.
Furthermore, the median home value in ZIP 56683 is $262,903, indicating that the investment cost is relatively low. Given the spread between the FMR and the market rent, landlords and small-portfolio investors can expect a positive cash flow from properties in this area. The median income of $79,659 suggests that there is a stable tenant base capable of contributing to the rental assistance program.
The renter share in ZIP 56683 is 6.4%, which is a modest percentage, but it aligns well with the cash-flow anchor strategy. Investors should focus on the guaranteed rental income from the Section 8 program rather than the potential for appreciation, as the data indicates a lack of significant price growth or reduced days on market.
In summary, ZIP 56683 is best suited as a cash-flow anchor due to the favorable spread between the FMR and market rent, the low median home value, and the stable median income level supporting the Section 8 program.
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.