Housing market/Minnesota/ZIP 56347

ACS 2023 · FY2027 SAFMR

ZIP 56347 Long Prairie, Todd County, Minnesota

Todd 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
8,067
Households
2,929
Median HH income
$65,650
Renter share
21.4%
Median gross rent
$925
Vacancy
10.5%
Pop. change
+12.6%
2BR SAFMR
$1,130
SAFMR / rent
1.222×
2–49 unit stock
440
LIHTC proj / units
1 / 17
HUD assisted MF
2 / 91

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56347 · MN — sent to you.

ZIP 56347 · MN

ACS median rent$925
2BR SAFMR$1,130
90% floor$1,017
110% ceiling$1,243

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56347

  • 1-unit detached2,55478.1%
  • 1-unit attached732.2%
  • 2–4 units942.9%
  • 5–49 units34610.6%
  • 50+ units50.2%
  • Mobile2006.1%
TypeUnitsShare
1-unit detached2,55478.1%
1-unit attached732.2%
2 units (duplex)561.7%
3–4 units381.2%
5–9 units210.6%
10–19 units1213.7%
20–49 units2046.2%
50+ units50.2%
Mobile2006.1%

2–4 unit share 2.9% · 5–49 unit share 10.6% · combined 2–49 13.4%.

Units by bedrooms

Studio
232
1BR
297
2BR
715
3BR
1,207
4BR
653
5+
168

Rent burden

Rent ≥30% of income38.8%
Rent ≥50% of income14.0%
  • ACS median gross rent $925 (all bedrooms, occupied rentals).
  • Median contract rent $801.
  • Renters paying ≥30% of income 38.8%; ≥50% 14.0%.
  • FY2027 2BR SAFMR $1,130 (1.222× ACS median gross rent).

Population

8,067 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +12.6%.

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

Assisted inventory

  • LIHTC: 1 projects, 17 units.
  • HUD project-based assisted MF: 2 properties, 91 assisted units.
  • 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 56347 21.4% of occupied households are renters; vacancy is 10.5%; ACS median gross rent is $925; population increased +12.6% between the 2018 and 2023 ACS vintages; the housing stock includes 94 units in 2–4-unit structures and 346 units in 5–49-unit structures; 1 LIHTC projects totaling 17 units; FY2027 2BR SAFMR is $1,130 versus ACS median gross rent of $925. 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 56347 is a Census / HUD profile for Todd 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 56347?

ZIP 56347 (Todd County, MN) has 8,067 residents, 2,929 households, a renter share of 21.4%, median household income of $65,650, and ACS 2023 median gross rent of $925. Vacancy is 10.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56347?

ACS counts 56 units in 2-unit buildings, 38 in 3–4 unit buildings, 21 in 5–9, 121 in 10–19, and 204 in 20–49. Combined 2–49 unit stock is 440 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56347?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,130. See the full schedule and 90–110% payment-standard band on the ZIP 56347 — Long Prairie, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56347 is Census / HUD research for Todd 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.