Housing market/Minnesota/ZIP 56251

ACS 2023 · FY2027 SAFMR

ZIP 56251 Kandiyohi County, Minnesota

Kandiyohi 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
908
Households
396
Median HH income
$75,938
Renter share
18.9%
Median gross rent
$827
Vacancy
3.6%
Pop. change
+0.7%
2BR SAFMR
$1,010
SAFMR / rent
1.221×
2–49 unit stock
72
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56251 · MN — sent to you.

ZIP 56251 · MN

ACS median rent$827
2BR SAFMR$1,010
90% floor$909
110% ceiling$1,111

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56251

  • 1-unit detached32178.1%
  • 1-unit attached102.4%
  • 2–4 units61.5%
  • 5–49 units6616.1%
  • Mobile81.9%
TypeUnitsShare
1-unit detached32178.1%
1-unit attached102.4%
2 units (duplex)51.2%
3–4 units10.2%
5–9 units399.5%
10–19 units184.4%
20–49 units92.2%
50+ units00.0%
Mobile81.9%

2–4 unit share 1.5% · 5–49 unit share 16.1% · combined 2–49 17.5%.

Units by bedrooms

Studio
14
1BR
27
2BR
95
3BR
154
4BR
95
5+
26

Rent burden

Rent ≥30% of income30.7%
Rent ≥50% of income16.0%
  • ACS median gross rent $827 (all bedrooms, occupied rentals).
  • Median contract rent $631.
  • Renters paying ≥30% of income 30.7%; ≥50% 16.0%.
  • FY2027 2BR SAFMR $1,010 (1.221× ACS median gross rent).

Population

908 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.7%.

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 56251 18.9% of occupied households are renters; vacancy is 3.6%; ACS median gross rent is $827; population increased +0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 6 units in 2–4-unit structures and 66 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $827. 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 56251 is a Census / HUD profile for Kandiyohi 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 56251?

ZIP 56251 (Kandiyohi County, MN) has 908 residents, 396 households, a renter share of 18.9%, median household income of $75,938, and ACS 2023 median gross rent of $827. Vacancy is 3.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56251?

ACS counts 5 units in 2-unit buildings, 1 in 3–4 unit buildings, 39 in 5–9, 18 in 10–19, and 9 in 20–49. Combined 2–49 unit stock is 72 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56251?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 56251 — Kandiyohi, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56251 is Census / HUD research for Kandiyohi 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.