Housing market/Minnesota/ZIP 56123

ACS 2023 · FY2027 SAFMR

ZIP 56123 Currie, Murray County, Minnesota

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

Population
447
Households
212
Median HH income
$61,875
Renter share
6.1%
Median gross rent
$970
Vacancy
25.6%
Pop. change
-4.5%
2BR SAFMR
$1,170
SAFMR / rent
1.206×
2–49 unit stock
5
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56123 · MN — sent to you.

ZIP 56123 · MN

ACS median rent$970
2BR SAFMR$1,170
90% floor$1,053
110% ceiling$1,287

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56123

  • 1-unit detached27496.1%
  • 1-unit attached10.4%
  • 2–4 units20.7%
  • 5–49 units31.1%
  • Mobile51.8%
TypeUnitsShare
1-unit detached27496.1%
1-unit attached10.4%
2 units (duplex)20.7%
3–4 units00.0%
5–9 units31.1%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile51.8%

2–4 unit share 0.7% · 5–49 unit share 1.1% · combined 2–49 1.8%.

Units by bedrooms

Studio
0
1BR
14
2BR
50
3BR
134
4BR
70
5+
17

Rent burden

Rent ≥30% of income23.1%
Rent ≥50% of income15.4%
  • ACS median gross rent $970 (all bedrooms, occupied rentals).
  • Median contract rent $492.
  • Renters paying ≥30% of income 23.1%; ≥50% 15.4%.
  • FY2027 2BR SAFMR $1,170 (1.206× ACS median gross rent).

Population

447 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.5%.

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 56123 6.1% of occupied households are renters; vacancy is 25.6%; ACS median gross rent is $970; population changed -4.5% between the 2018 and 2023 ACS vintages; the housing stock includes 2 units in 2–4-unit structures and 3 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,170 versus ACS median gross rent of $970. 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 56123 is a Census / HUD profile for Murray 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 56123?

ZIP 56123 (Murray County, MN) has 447 residents, 212 households, a renter share of 6.1%, median household income of $61,875, and ACS 2023 median gross rent of $970. Vacancy is 25.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56123?

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

What is the Section 8 rent in 56123?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,170. See the full schedule and 90–110% payment-standard band on the ZIP 56123 — Currie, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56123 is Census / HUD research for Murray 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.