Location: Roseau County, MN | Metro: Marshall County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 56759 is situated in a predominantly owner-occupied neighborhood, with only 4.5% of its 421 residents being renters. The median household income here stands at $75,625, indicating a relatively affluent community where homeownership is prevalent. Despite the lack of specific data on the median home value, it's safe to assume that homes in this area are valued higher than average given the income levels.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $970. However, without concrete figures on the actual market rent, it's challenging to make a direct comparison. This discrepancy could suggest that the rental market in ZIP 56759 is either underreported or not as active as in other areas, which aligns with the low percentage of renters.
Given these conditions, ZIP 56759 would be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The limited number of renters and the high median income indicate that tenants receiving Section 8 vouchers might struggle to find properties within their budget, especially if market rents exceed the FMR. For landlords and small-portfolio investors looking to avoid the complexities of managing properties in a competitive rental market, this ZIP code offers a stable environment with fewer challenges in tenant retention and property management.
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.