Housing market/Minnesota/ZIP 56686

ACS 2023 · FY2027 SAFMR

ZIP 56686 Williams, Lake of the Woods County, Minnesota

Lake of the Woods 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
962
Households
390
Median HH income
$70,781
Renter share
10.5%
Median gross rent
—
Vacancy
50.1%
Pop. change
+6.8%
2BR SAFMR
$1,150
SAFMR / rent
—
2–49 unit stock
16
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 56686 · MN — sent to you.

ZIP 56686 · MN

2BR SAFMR$1,150
90% floor$1,035
110% ceiling$1,265

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

Housing stock

ACS 2023 units-in-structure · ZCTA 56686

  • 1-unit detached61278.3%
  • 1-unit attached50.6%
  • 5–49 units162.0%
  • Mobile14919.1%
TypeUnitsShare
1-unit detached61278.3%
1-unit attached50.6%
2 units (duplex)00.0%
3–4 units00.0%
5–9 units162.0%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile14919.1%

2–4 unit share 0.0% · 5–49 unit share 2.0% · combined 2–49 2.0%.

Units by bedrooms

Studio
0
1BR
56
2BR
256
3BR
307
4BR
74
5+
89

Rent burden

Rent ≥30% of income12.2%
Rent ≥50% of income0.0%
  • Renters paying ≥30% of income 12.2%; ≥50% 0.0%.

Population

962 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.8%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • 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 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 56686 10.5% of occupied households are renters; vacancy is 50.1%; population increased +6.8% between the 2018 and 2023 ACS vintages; the housing stock includes 0 units in 2–4-unit structures and 16 units in 5–49-unit structures. 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 56686 is a Census / HUD profile for Lake of the Woods 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 56686?

ZIP 56686 (Lake of the Woods County, MN) has 962 residents, 390 households, a renter share of 10.5%, median household income of $70,781, and ACS 2023 median gross rent of —. Vacancy is 50.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 56686?

ACS counts 0 units in 2-unit buildings, 0 in 3–4 unit buildings, 16 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 16 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 56686?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,150. See the full schedule and 90–110% payment-standard band on the ZIP 56686 — Williams, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 56686 is Census / HUD research for Lake of the Woods 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.