Housing market/Minnesota/ZIP 56742
ZIP 56742 Oklee, Red Lake County, Minnesota
Red Lake 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
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 56742 · MN — sent to you.
ZIP 56742 · MN
ACS rent vs 2BR SAFMR
ZIP 56742 — Oklee, 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 56742
- 1-unit detached32987.5%
- 1-unit attached20.5%
- 2–4 units266.9%
- 5–49 units30.8%
- Mobile164.3%
2–4 unit share 6.9% · 5–49 unit share 0.8% · combined 2–49 7.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $717 (all bedrooms, occupied rentals).
- Median contract rent $555.
- Renters paying ≥30% of income 53.3%; ≥50% 37.8%.
- FY2027 2BR SAFMR $1,060 (1.478× ACS median gross rent).
Population
806 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -14.9%.
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 56742 14.4% of occupied households are renters; vacancy is 16.8%; ACS median gross rent is $717; population changed -14.9% between the 2018 and 2023 ACS vintages; the housing stock includes 26 units in 2–4-unit structures and 3 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,060 versus ACS median gross rent of $717. 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 56742 is a Census / HUD profile for Red Lake County, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 56742 — Oklee, 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 56742?
ZIP 56742 (Red Lake County, MN) has 806 residents, 313 households, a renter share of 14.4%, median household income of $84,250, and ACS 2023 median gross rent of $717. Vacancy is 16.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 56742?
ACS counts 20 units in 2-unit buildings, 6 in 3–4 unit buildings, 0 in 5–9, 3 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 29 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 56742?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,060. See the full schedule and 90–110% payment-standard band on the ZIP 56742 — Oklee, MN HUD Section 8 Payment Standards / SAFMR.
Does this Minnesota ZIP profile include Georgia listings?
No. ZIP 56742 is Census / HUD research for Red Lake 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.