Housing market/Minnesota/ZIP 55945

ACS 2023 · FY2027 SAFMR

ZIP 55945 Kellogg, Wabasha County, Minnesota

Wabasha County, MN HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
1,298
Households
576
Median HH income
$77,143
Renter share
18.1%
Median gross rent
$881
Vacancy
8.3%
Pop. change
+7.4%
2BR SAFMR
$1,030
SAFMR / rent
1.169×
2–49 unit stock
22
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 55945 · MN — sent to you.

ZIP 55945 · MN

ACS median rent$881
2BR SAFMR$1,030
90% floor$927
110% ceiling$1,133

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55945

  • 1-unit detached52082.9%
  • 1-unit attached61.0%
  • 2–4 units40.6%
  • 5–49 units182.9%
  • Mobile7912.6%
TypeUnitsShare
1-unit detached52082.8%
1-unit attached61.0%
2 units (duplex)40.6%
3–4 units00.0%
5–9 units182.9%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile7912.6%

2–4 unit share 0.6% · 5–49 unit share 2.9% · combined 2–49 3.5%.

Units by bedrooms

Studio
2
1BR
30
2BR
149
3BR
267
4BR
133
5+
47

Rent burden

Rent ≥30% of income26.0%
Rent ≥50% of income7.7%
  • ACS median gross rent $881 (all bedrooms, occupied rentals).
  • Median contract rent $629.
  • Renters paying ≥30% of income 26.0%; ≥50% 7.7%.
  • FY2027 2BR SAFMR $1,030 (1.169× ACS median gross rent).

Population

1,298 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +7.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 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 55945 18.1% of occupied households are renters; vacancy is 8.3%; ACS median gross rent is $881; population increased +7.4% between the 2018 and 2023 ACS vintages; the housing stock includes 4 units in 2–4-unit structures and 18 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,030 versus ACS median gross rent of $881. 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 55945 is a Census / HUD profile for Wabasha County, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 55945?

ZIP 55945 (Wabasha County, MN HUD Metro FMR Area) has 1,298 residents, 576 households, a renter share of 18.1%, median household income of $77,143, and ACS 2023 median gross rent of $881. Vacancy is 8.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55945?

ACS counts 4 units in 2-unit buildings, 0 in 3–4 unit buildings, 18 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 22 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55945?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,030. See the full schedule and 90–110% payment-standard band on the ZIP 55945 — Kellogg, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55945 is Census / HUD research for Wabasha County, MN HUD Metro FMR Area. 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.