Housing market/Minnesota/ZIP 56149

ACS 2023 · FY2027 SAFMR

ZIP 56149 Lake Benton, Pipestone County, Minnesota

Pipestone 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
1,205
Households
544
Median HH income
$61,389
Renter share
19.9%
Median gross rent
$681
Vacancy
25.9%
Pop. change
+6.8%
2BR SAFMR
$1,050
SAFMR / rent
1.542×
2–49 unit stock
63
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56149 · MN — sent to you.

ZIP 56149 · MN

ACS median rent$681
2BR SAFMR$1,050
90% floor$945
110% ceiling$1,155

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56149

  • 1-unit detached66290.2%
  • 1-unit attached20.3%
  • 2–4 units81.1%
  • 5–49 units557.5%
  • Mobile71.0%
TypeUnitsShare
1-unit detached66290.2%
1-unit attached20.3%
2 units (duplex)00.0%
3–4 units81.1%
5–9 units141.9%
10–19 units202.7%
20–49 units212.9%
50+ units00.0%
Mobile71.0%

2–4 unit share 1.1% · 5–49 unit share 7.5% · combined 2–49 8.6%.

Units by bedrooms

Studio
5
1BR
68
2BR
173
3BR
250
4BR
201
5+
37

Rent burden

Rent ≥30% of income37.0%
Rent ≥50% of income17.6%
  • ACS median gross rent $681 (all bedrooms, occupied rentals).
  • Median contract rent $534.
  • Renters paying ≥30% of income 37.0%; ≥50% 17.6%.
  • FY2027 2BR SAFMR $1,050 (1.542× ACS median gross rent).

Population

1,205 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.8%.

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 56149 19.9% of occupied households are renters; vacancy is 25.9%; ACS median gross rent is $681; population increased +6.8% between the 2018 and 2023 ACS vintages; the housing stock includes 8 units in 2–4-unit structures and 55 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,050 versus ACS median gross rent of $681. 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 56149 is a Census / HUD profile for Pipestone 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 56149?

ZIP 56149 (Pipestone County, MN) has 1,205 residents, 544 households, a renter share of 19.9%, median household income of $61,389, and ACS 2023 median gross rent of $681. Vacancy is 25.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56149?

ACS counts 0 units in 2-unit buildings, 8 in 3–4 unit buildings, 14 in 5–9, 20 in 10–19, and 21 in 20–49. Combined 2–49 unit stock is 63 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56149?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,050. See the full schedule and 90–110% payment-standard band on the ZIP 56149 — Lake Benton, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56149 is Census / HUD research for Pipestone 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.