Location: Kittson County, MN | Metro: Kittson County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 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 |
The ZIP code 56740, which includes parts of Kittson County, MN, can be considered an anchor for cash flow within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the Kittson County MN metro area in fiscal year 2026 is set at $970. Given that there is no specific market data available for ZIP 56740, we must rely on the broader Kittson County MN metro area FMR as a guideline.
The lack of precise market data and median home value for ZIP 56740 suggests limited activity and possibly lower competition among landlords. This makes it a stable option for guaranteed rental income through the Section 8 program. With no market rent data to compare against, the FMR serves as a reliable benchmark for ensuring positive cash flow.
While appreciation plays typically require robust market data and a high percentage of price-cut shares, along with low days on market (DOM), the absence of such information for ZIP 56740 rules out this category. Similarly, diversification strategies often depend on a significant renter share and median income levels, both of which are unavailable for this ZIP code.
In conclusion, ZIP 56740 is best suited as a cash-flow anchor within a Section 8 portfolio strategy due to the known FMR of $970 for the Kittson County MN metro area in fiscal year 2026. This ZIP code offers stability and predictable income, essential qualities for landlords seeking consistent returns.
Data Sources: FMR data from HUD (2027).
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.