Location: Roseau County, MN | Metro: Kittson County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
ZIP code 56735, located within the Roseau County, MN metro, presents an interesting profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 56735 is set at $970 for fiscal year 2026, which is slightly below the market rent of $1,019. This indicates that while the cost of renting through Section 8 programs is capped at $970, the actual rental market in this area is commanding a higher price, suggesting a potential for landlords to receive higher rents from non-subsidized tenants.
The home value data is not available for ZIP 56735, making it difficult to draw direct comparisons with other ZIP codes in terms of property appreciation or investment potential. However, the 21.8% share of renters in this ZIP code is notable. In many cases, a higher renter share can indicate a strong demand for rental properties, which could be advantageous for landlords participating in Section 8 programs.
Typically, a ZIP code with a high renter share but lower home values relative to the metro average might signal a value pocket or a sweet spot for Section 8 participation. Landlords here can benefit from the demand for affordable housing without the need to compete with higher-priced homeownership markets. While we cannot definitively state that 56735 is a value pocket due to the lack of home value data, the combination of a below-market rent cap and a significant renter population suggests that it could be a favorable location for landlords looking to engage in the Section 8 program.
To conclude, ZIP 56735 offers a rental market where the FMR is $970, slightly under the actual market rent of $1,019. With a 21.8% renter share, there's a substantial tenant base that could make this area attractive for those interested in Section 8 properties. Despite the absence of home value information, the existing figures suggest a scenario where landlords could find a balance between subsidized and market-rate rentals, potentially positioning 56735 as a valuable niche within the Roseau County, MN metro.
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.