Minnesota

Chippewa County

ZIP 56222

12,388 residents16 permits TTM$69,192 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$149,000

ACS 5-Year

Cap rate proxy

6.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.7%

HUD FMR ÷ ACS HHI

Net migration

+1.11%

IRS SOI

Permits (TTM)

16

Census BPS

Climate risk

37.0

FEMA NRI (0–100)

ZIP 56222

Median home value

$227,286

Gross yield

5.1%

Cap rate

4.5%

Rent gap

13.1%

Affordability

P/I: 3.3R/I:

Section 8 detail

SAFMR: $973Rent: $846Gap: 15.0%
ZIP code breakdown5 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
56260$149,000county est.$9737.8%6.8%13.1%
56262$149,000county est.$9737.8%6.8%13.1%
56295$149,000county est.$9737.8%6.8%13.1%
56265$205,327$9735.7%4.9%13.1%
56222$227,286$9735.1%4.5%13.1%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

71.4%

Census ACS

Vacancy rate

8.0%

Census ACS

Bachelor's degree +

19.6%

Census ACS

Rent burdened

40.6%

Census ACS (>30% income)

Median age

41.8

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026