JeffCroweCRE

Housing market/Minnesota/ZIP 55901

ACS 2023 · FY2027 SAFMR

ZIP 55901 Rochester, Minnesota

Rochester, MN HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
58,260
Households
23,461
Median HH income
$90,430
Renter share
35.9%
Median gross rent
$1,321
Vacancy
5.6%
Pop. change
+6.5%
2BR SAFMR
$1,470
SAFMR / rent
1.113×
2–49 unit stock
4,954
LIHTC proj / units
20 / 1,310
HUD assisted MF
11 / 569

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 55901 · MN — sent to you.

ZIP 55901 · MN

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ACS rent vs 2BR SAFMR

ZIP 55901 — Rochester, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,321
2BR SAFMR$1,470
90% floor$1,323
110% ceiling$1,617

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

Housing stock

ACS 2023 units-in-structure · ZCTA 55901

  • 1-unit detached14,08756.7%
  • 1-unit attached2,78411.2%
  • 2–4 units1,8877.6%
  • 5–49 units3,06712.4%
  • 50+ units2,88611.6%
  • Mobile1160.5%
TypeUnitsShare
1-unit detached14,08756.7%
1-unit attached2,78411.2%
2 units (duplex)3761.5%
3–4 units1,5116.1%
5–9 units8443.4%
10–19 units7853.2%
20–49 units1,4385.8%
50+ units2,88611.6%
Mobile1160.5%

2–4 unit share 7.6% · 5–49 unit share 12.3% · combined 2–49 19.9%.

Units by bedrooms

Studio
496
1BR
3,083
2BR
6,689
3BR
6,440
4BR
6,506
5+
1,638

Rent burden

Rent ≥30% of income47.1%
Rent ≥50% of income20.5%
  • ACS median gross rent $1,321 (all bedrooms, occupied rentals).
  • Median contract rent $1,215.
  • Renters paying ≥30% of income 47.1%; ≥50% 20.5%.
  • FY2027 2BR SAFMR $1,470 (1.113× ACS median gross rent).

Population

58,260 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.5%.

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

Assisted inventory

  • LIHTC: 20 projects, 1,310 units.
  • HUD project-based assisted MF: 11 properties, 569 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 208 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 55901 35.9% of occupied households are renters; vacancy is 5.6%; ACS median gross rent is $1,321; population increased +6.5% between the 2018 and 2023 ACS vintages; the housing stock includes 1,887 units in 2–4-unit structures and 3,067 units in 5–49-unit structures; 20 LIHTC projects totaling 1,310 units; FY2027 2BR SAFMR is $1,470 versus ACS median gross rent of $1,321. 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 55901 is a Census / HUD profile for Rochester, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55901 — Rochester, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
55902Rochester, MN HUD Metro FMR Area27.5%$1,580$1,74055903Rochester, MN HUD Metro FMR Area——$1,44055904Rochester, MN HUD Metro FMR Area34.2%$1,253$1,41055905Rochester, MN HUD Metro FMR Area——$1,44055920Rochester, MN HUD Metro FMR Area16.2%$1,085$1,27055927Rochester, MN HUD Metro FMR Area15.9%$926$1,27055929Rochester, MN HUD Metro FMR Area10.4%$852$1,27055934Rochester, MN HUD Metro FMR Area19.1%$864$1,27055944Rochester, MN HUD Metro FMR Area9.1%$1,080$1,34055955Rochester, MN HUD Metro FMR Area7.3%$1,510$1,350

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 55901?

ZIP 55901 (Rochester, MN HUD Metro FMR Area) has 58,260 residents, 23,461 households, a renter share of 35.9%, median household income of $90,430, and ACS 2023 median gross rent of $1,321. Vacancy is 5.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55901?

ACS counts 376 units in 2-unit buildings, 1,511 in 3–4 unit buildings, 844 in 5–9, 785 in 10–19, and 1,438 in 20–49. Combined 2–49 unit stock is 4,954 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55901?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,470. See the full schedule and 90–110% payment-standard band on the ZIP 55901 — Rochester, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55901 is Census / HUD research for Rochester, MN HUD Metro FMR Area. 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.