Location: Kittson County, MN | Metro: Kittson County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 56728 stands out due to its unique mix of demographic and economic factors. With only 1,116 residents, it has a relatively low population density. However, 18.3% of these residents are renters, indicating a significant portion of the housing market dedicated to rental properties. The median income in this area is $79,444, which is above average, suggesting that residents have a good financial standing. Despite this, the median home value is notably higher at $163,707, reflecting the high cost of homeownership in the region.
When considering the voucher economics, the Federal Market Rent (FMR) for ZIP 56728 is set at $1,120 for the fiscal year 2026, while the actual market rent, according to the Census ACS, is $838. This discrepancy means that landlords can potentially benefit from accepting Section 8 vouchers, as they would receive a higher rent payment compared to the typical market rate. The gap between FMR and market rent provides an incentive for landlords to participate in the program, ensuring that rental units remain affordable for low-income families.
Evaluating the data signature, ZIP 56728 appears to be stable. The relatively high median income suggests that the area is economically sound, and the disparity between FMR and market rent indicates a favorable environment for landlords who accept Section 8 vouchers. This stability is further supported by the consistent median home values, which do not indicate rapid changes in the housing market. For small-portfolio investors, the opportunity to tap into the Section 8 market could provide a steady stream of income without the risks associated with transitional areas.
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.