Housing market/Minnesota/ZIP 56308

ACS 2023 · FY2027 SAFMR

ZIP 56308 Alexandria, Pope County, Minnesota

Pope 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
26,695
Households
11,906
Median HH income
$76,831
Renter share
27.4%
Median gross rent
$921
Vacancy
17.0%
Pop. change
+6.4%
2BR SAFMR
$1,040
SAFMR / rent
1.129×
2–49 unit stock
1,870
LIHTC proj / units
5 / 138
HUD assisted MF
5 / 213

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56308 · MN — sent to you.

ZIP 56308 · MN

ACS median rent$921
2BR SAFMR$1,040
90% floor$936
110% ceiling$1,144

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56308

  • 1-unit detached10,33372.0%
  • 1-unit attached5954.1%
  • 2–4 units2922.0%
  • 5–49 units1,57811.0%
  • 50+ units1,0607.4%
  • Mobile4893.4%
TypeUnitsShare
1-unit detached10,33372.0%
1-unit attached5954.1%
2 units (duplex)1531.1%
3–4 units1391.0%
5–9 units2021.4%
10–19 units3722.6%
20–49 units1,0047.0%
50+ units1,0607.4%
Mobile4893.4%

2–4 unit share 2.0% · 5–49 unit share 11.0% · combined 2–49 13.0%.

Units by bedrooms

Studio
162
1BR
1,336
2BR
3,559
3BR
4,265
4BR
3,330
5+
1,698

Rent burden

Rent ≥30% of income36.1%
Rent ≥50% of income17.8%
  • ACS median gross rent $921 (all bedrooms, occupied rentals).
  • Median contract rent $798.
  • Renters paying ≥30% of income 36.1%; ≥50% 17.8%.
  • FY2027 2BR SAFMR $1,040 (1.129× ACS median gross rent).

Population

26,695 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.4%.

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

Assisted inventory

  • LIHTC: 5 projects, 138 units.
  • HUD project-based assisted MF: 5 properties, 213 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 161 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 56308 27.4% of occupied households are renters; vacancy is 17.0%; ACS median gross rent is $921; population increased +6.4% between the 2018 and 2023 ACS vintages; the housing stock includes 292 units in 2–4-unit structures and 1,578 units in 5–49-unit structures; 5 LIHTC projects totaling 138 units; FY2027 2BR SAFMR is $1,040 versus ACS median gross rent of $921. 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 56308 is a Census / HUD profile for Pope 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 56308?

ZIP 56308 (Pope County, MN) has 26,695 residents, 11,906 households, a renter share of 27.4%, median household income of $76,831, and ACS 2023 median gross rent of $921. Vacancy is 17.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56308?

ACS counts 153 units in 2-unit buildings, 139 in 3–4 unit buildings, 202 in 5–9, 372 in 10–19, and 1,004 in 20–49. Combined 2–49 unit stock is 1,870 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56308?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,040. See the full schedule and 90–110% payment-standard band on the ZIP 56308 — Alexandria, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56308 is Census / HUD research for Pope 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.