Housing market/Minnesota/ZIP 55060
ZIP 55060 Owatonna, Steele County, Minnesota
Steele County, MN · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 55060 · MN — sent to you.
ZIP 55060 · MN
ACS rent vs 2BR SAFMR
ZIP 55060 — Owatonna, MN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 55060
- 1-unit detached9,37474.5%
- 1-unit attached7175.7%
- 2–4 units5614.5%
- 5–49 units1,2489.9%
- 50+ units3793.0%
- Mobile3122.5%
2–4 unit share 4.4% · 5–49 unit share 9.9% · combined 2–49 14.3%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,018 (all bedrooms, occupied rentals).
- Median contract rent $896.
- Renters paying ≥30% of income 56.7%; ≥50% 21.0%.
- FY2027 2BR SAFMR $1,250 (1.228× ACS median gross rent).
Population
29,601 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 9 projects, 311 units.
- HUD project-based assisted MF: 6 properties, 264 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 22 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 55060 22.0% of occupied households are renters; vacancy is 4.8%; ACS median gross rent is $1,018; population increased +2.0% between the 2018 and 2023 ACS vintages; the housing stock includes 561 units in 2–4-unit structures and 1,248 units in 5–49-unit structures; 9 LIHTC projects totaling 311 units; FY2027 2BR SAFMR is $1,250 versus ACS median gross rent of $1,018. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Minnesota research
ZIP 55060 is a Census / HUD profile for Steele County, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 55060 — Owatonna, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 55060?
ZIP 55060 (Steele County, MN) has 29,601 residents, 12,022 households, a renter share of 22.0%, median household income of $83,848, and ACS 2023 median gross rent of $1,018. Vacancy is 4.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 55060?
ACS counts 330 units in 2-unit buildings, 231 in 3–4 unit buildings, 174 in 5–9, 474 in 10–19, and 600 in 20–49. Combined 2–49 unit stock is 1,809 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 55060?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,250. See the full schedule and 90–110% payment-standard band on the ZIP 55060 — Owatonna, MN HUD Section 8 Payment Standards / SAFMR.
Does this Minnesota ZIP profile include Georgia listings?
No. ZIP 55060 is Census / HUD research for Steele County, MN. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.