Location: Roseau County, MN | Metro: Kittson County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
ZIP code 56732, located within the Roseau County, MN metro area, exhibits distinct characteristics when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 56732 is set at $970 for fiscal year 2026, which is notably higher than the market rent figure of $619. This suggests that while government-assisted housing may be more costly, private rentals remain relatively affordable.
The median home value in ZIP 56732 stands at $175,681, which is likely above the average for most ZIP codes in Roseau County. However, the 17.4% renter share indicates that a significant portion of residents prefer or require rental housing over homeownership. This combination of a below-metro FMR but a higher-than-average home value and moderate renter share points towards ZIP 56732 being a mid-tier neighborhood within the Roseau County, MN metro area.
Landlords and small-portfolio investors should consider these factors when evaluating potential investments. While the FMR provides a benchmark for rental pricing in subsidized housing, the lower market rent suggests opportunities for competitive pricing in non-subsidized units. The higher median home value implies a stable housing market, potentially offering better returns on investment. However, the substantial renter share could indicate a strong demand for rental properties, making it an attractive option for those interested in generating rental income.
To further assess if ZIP 56732 represents a value pocket or a premium sub-market, additional context on the broader Roseau County, MN ZIP codes would be necessary. Nonetheless, based on the provided figures, ZIP 56732 appears to offer a balanced mix of affordability and stability, suitable for both landlords and small-portfolio investors seeking to capitalize on the rental market without overextending their capital.
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.