Section 8 Fair Market Rent (FMR) for ZIP 56725 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,280
2 Bedrooms	$1,670
3 Bedrooms	$2,250
4 Bedrooms	$2,510
5 Bedrooms	$2,912
6 Bedrooms	$3,261
7 Bedrooms	$3,522
8 Bedrooms	$3,698

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

941

Median Household Income

$72,917

Housing Units

452

Renter Percentage

11.5%

Occupancy Rate

86.7%

Renter Occupied

The ZIP code 56725, located in a suburban setting, offers a stable environment for real estate investments, particularly for those interested in the rental market. The area is characterized by a mix of residential neighborhoods and some commercial activity, providing a balanced ecosystem that supports both homeowners and renters.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,020.
The average market rent for a similar unit, according to Census ACS data, stands at $1,406.
The median income for residents in this ZIP code is $72,917, indicating a moderate economic base that can support rental prices above the FMR.
Renters make up 11.5% of the total housing units, suggesting a smaller but still significant demand for rental properties.
Due to the lack of specific data on Days on Market (DOM), it's challenging to provide an exact figure, but the stable local economy implies a steady flow of tenants.
The absence of a median home value suggests that the area might be predominantly rental-focused, which aligns well with the goals of landlords and small-portfolio investors.

In summary, the ZIP code 56725 presents a favorable scenario for rental property investments, given the higher-than-FMR market rents and a moderate income level among residents. While the renter share is relatively low, the overall stability of the local economy ensures a consistent demand for rental units. The lack of detailed data on DOM and median home values does not detract from the attractiveness of this market, especially for investors focused on the rental sector.

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.