Housing market/Minnesota/ZIP 56340

ACS 2023 · FY2027 SAFMR

ZIP 56340 Holdingford, Morrison County, Minnesota

Morrison 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
2,433
Households
936
Median HH income
$89,211
Renter share
5.7%
Median gross rent
$1,066
Vacancy
7.6%
Pop. change
+5.1%
2BR SAFMR
$1,270
SAFMR / rent
1.191×
2–49 unit stock
45
LIHTC proj / units
1 / 12
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 56340 · MN — sent to you.

ZIP 56340 · MN

ACS median rent$1,066
2BR SAFMR$1,270
90% floor$1,143
110% ceiling$1,397

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56340

  • 1-unit detached92891.6%
  • 5–49 units454.4%
  • Mobile403.9%
TypeUnitsShare
1-unit detached92891.6%
1-unit attached00.0%
2 units (duplex)00.0%
3–4 units00.0%
5–9 units80.8%
10–19 units373.7%
20–49 units00.0%
50+ units00.0%
Mobile403.9%

2–4 unit share 0.0% · 5–49 unit share 4.4% · combined 2–49 4.4%.

Units by bedrooms

Studio
8
1BR
20
2BR
197
3BR
456
4BR
253
5+
79

Rent burden

Rent ≥30% of income18.9%
Rent ≥50% of income5.7%
  • ACS median gross rent $1,066 (all bedrooms, occupied rentals).
  • Median contract rent $872.
  • Renters paying ≥30% of income 18.9%; ≥50% 5.7%.
  • FY2027 2BR SAFMR $1,270 (1.191× ACS median gross rent).

Population

2,433 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +5.1%.

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

Assisted inventory

  • LIHTC: 1 projects, 12 units.
  • 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 212 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 56340 5.7% of occupied households are renters; vacancy is 7.6%; ACS median gross rent is $1,066; population increased +5.1% between the 2018 and 2023 ACS vintages; the housing stock includes 0 units in 2–4-unit structures and 45 units in 5–49-unit structures; 1 LIHTC projects totaling 12 units; FY2027 2BR SAFMR is $1,270 versus ACS median gross rent of $1,066. 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 56340 is a Census / HUD profile for Morrison 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 56340?

ZIP 56340 (Morrison County, MN) has 2,433 residents, 936 households, a renter share of 5.7%, median household income of $89,211, and ACS 2023 median gross rent of $1,066. Vacancy is 7.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56340?

ACS counts 0 units in 2-unit buildings, 0 in 3–4 unit buildings, 8 in 5–9, 37 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 45 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56340?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,270. See the full schedule and 90–110% payment-standard band on the ZIP 56340 — Holdingford, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56340 is Census / HUD research for Morrison 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.