Location: Kittson County, MN | Metro: Kittson County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 56733, located in Kittson County, MN metro, reveals several key points regarding its viability for Section 8 real-estate investments.
Firstly, does the rent math work? The Fair Market Rent (FMR) for the Kittson County, MN metro area in fiscal year 2026 is set at $1,000. However, the market rent for ZIP 56733 is currently not available, which means there's no direct comparison to be made. Landlords should proceed with caution, considering that the absence of market rent data could indicate limited activity or availability of rental properties in this area.
Secondly, is acquisition affordable? Without specific data on the median home value, days on market (DOM), and the percentage of homes sold with price cuts, it's challenging to provide a concrete assessment. These metrics would typically help determine if the area offers good opportunities for purchasing properties at reasonable prices. The lack of these figures suggests that further research into local real estate trends is necessary before making investment decisions.
Thirdly, is there tenant demand? The population of ZIP 56733 stands at 380, with a 10.1% renter share. This indicates that only about 38 individuals are potential renters, which is a very small pool. Tenant demand appears low, especially when considering the limited number of people who might qualify for Section 8 housing assistance given the small overall population.
Verdict: Investment in ZIP 56733 for Section 8 properties is not advisable due to the limited population size and low renter share. The small number of potential tenants poses a significant risk for maintaining occupancy rates. Additionally, the lack of market rent data and specific acquisition affordability indicators makes it difficult to assess the financial viability of such an investment. Landlords and small-portfolio investors should look elsewhere for better opportunities that align with their financial goals and risk tolerance.
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.