Minnesota

Norman County

ZIP 56548

6,411 residents7 permits TTM$69,833 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$135,700

ACS 5-Year

Cap rate proxy

6.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

12.9%

HUD FMR ÷ ACS HHI

Net migration

+0.98%

IRS SOI

Permits (TTM)

7

Census BPS

Climate risk

14.4

FEMA NRI (0–100)

ZIP 56548

Median home value

$135,700

Gross yield

8.6%

Cap rate

6.7%

Rent gap

22.7%

Affordability

P/I: 2.4R/I:

Section 8 detail

SAFMR: $973Rent: $752Gap: 29.4%
ZIP code breakdown9 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
56510$167,263$9737.0%5.4%22.7%
56519$135,700county est.$1,46012.9%6.7%48.5%
56541$135,700county est.$9738.6%6.7%22.7%
56545$135,700county est.$9738.6%6.7%22.7%
56548$135,700county est.$9738.6%6.7%22.7%

Ranked by composite score

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Demographics

Owner-occupied

81.6%

Census ACS

Vacancy rate

17.1%

Census ACS

Bachelor's degree +

20.9%

Census ACS

Rent burdened

29.0%

Census ACS (>30% income)

Median age

43.9

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