Housing market/Minnesota/ZIP 56628
ZIP 56628 Bigfork, Itasca County, Minnesota
Itasca County, MN · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 56628 · MN — sent to you.
ZIP 56628 · MN
ACS rent vs 2BR SAFMR
ZIP 56628 — Bigfork, MN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 56628
- 1-unit detached1,40487.5%
- 1-unit attached40.2%
- 2–4 units150.9%
- 5–49 units462.9%
- 50+ units60.4%
- Mobile1308.1%
2–4 unit share 0.9% · 5–49 unit share 2.9% · combined 2–49 3.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,129 (all bedrooms, occupied rentals).
- Median contract rent $1,074.
- Renters paying ≥30% of income 68.4%; ≥50% 43.4%.
- FY2027 2BR SAFMR $1,330 (1.178× ACS median gross rent).
Population
1,649 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -1.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 12 units.
- HUD project-based assisted MF: 1 properties, 23 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 132 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 56628 11.8% of occupied households are renters; vacancy is 59.8%; ACS median gross rent is $1,129; population changed -1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 15 units in 2–4-unit structures and 46 units in 5–49-unit structures; 1 LIHTC projects totaling 12 units; FY2027 2BR SAFMR is $1,330 versus ACS median gross rent of $1,129. 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 56628 is a Census / HUD profile for Itasca County, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 56628 — Bigfork, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory
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 56628?
ZIP 56628 (Itasca County, MN) has 1,649 residents, 645 households, a renter share of 11.8%, median household income of $58,631, and ACS 2023 median gross rent of $1,129. Vacancy is 59.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 56628?
ACS counts 14 units in 2-unit buildings, 1 in 3–4 unit buildings, 13 in 5–9, 5 in 10–19, and 28 in 20–49. Combined 2–49 unit stock is 61 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 56628?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,330. See the full schedule and 90–110% payment-standard band on the ZIP 56628 — Bigfork, MN HUD Section 8 Payment Standards / SAFMR.
Does this Minnesota ZIP profile include Georgia listings?
No. ZIP 56628 is Census / HUD research for Itasca 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.