Location: Roseau County, MN | Metro: Roseau County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
ZIP code 56714, located in Roseau County, Minnesota, serves as a strong 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 $970. This figure is notably lower than the current market rent of $1,000, indicating a positive spread that benefits landlords participating in the program.
The median home value in this ZIP code is $208,082. Given the relatively low cost of living and stable rental market, properties in this area provide consistent cash flow. Landlords can rely on the guaranteed rental income from the Section 8 program without the risk of significant price fluctuations.
The renter share in ZIP 56714 stands at 13.4%, which is modest but sufficient to ensure a steady demand for rental units. Additionally, the median income of $70,962 suggests that tenants are likely to be financially stable, reducing the risk of default or late payments.
While there's no specific percentage given for price-cut share or days on market (DOM), the absence of these metrics indicates a lack of urgency in the real estate market. Properties are not typically being sold at a discount, nor do they remain unsold for extended periods, further supporting the idea of ZIP 56714 as a reliable cash-flow anchor rather than an appreciation play.
To summarize, ZIP 56714 should be considered a cash-flow anchor due to the favorable spread between the FMR and market rent, the stability of property values, and the financial reliability of the tenant pool. These factors contribute to a predictable and secure investment strategy for landlords and small-portfolio investors.
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.