Grand Rapids, MN Metro Area - Investment Guide
Metro Area • 13 Cities • 13 ZIP Codes
Avg Home Value
$242,168
Avg Monthly Rent
$1,036
Avg Cap Rate
3.54%
Avg Investability
2.9 ★
Cities
13
ZIP Codes
13
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🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Grand Rapids, MN Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Grand Rapids, MN
Every ZIP in the metro, ranked four ways. Free.
Cities in Grand Rapids, MN
Bigfork
Minnesota
1 ZIPs
Cohasset
Minnesota
1 ZIPs
Coleraine
Minnesota
1 ZIPs
Deer River
Minnesota
1 ZIPs
Effie
Minnesota
1 ZIPs
Grand Rapids
Minnesota
1 ZIPs
Hill City
Minnesota
1 ZIPs
Marble
Minnesota
1 ZIPs
Marcell
Minnesota
1 ZIPs
Nashwauk
Minnesota
1 ZIPs
Northome
Minnesota
1 ZIPs
Side Lake
Minnesota
1 ZIPs
Warba
Minnesota
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 56639 | Effie | MN | $181,845 | $1,035 | 4.44% | |
| 55722 | Coleraine | MN | $197,906 | $873 | 3.44% | |
| 55769 | Nashwauk | MN | $197,603 | $927 | 3.66% | |
| 55781 | Side Lake | MN | $352,158 | $1,467 | 3.25% | |
| 56657 | Marcell | MN | $274,718 | $1,044 | 2.96% | |
| 55744 | Grand Rapids | MN | $268,576 | $1,017 | 2.95% | |
| 55748 | Hill City | MN | $182,633 | $891 | 3.81% | |
| 56661 | Northome | MN | $189,634 | $900 | 3.70% | |
| 55764 | Marble | MN | $134,156 | $1,134 | 6.59% | |
| 56628 | Bigfork | MN | $253,055 | $1,161 | 3.58% | |
| 56636 | Deer River | MN | $260,963 | $873 | 2.61% | |
| 55721 | Cohasset | MN | $349,728 | $873 | 1.95% | |
| 55769 | Nashwauk | MN | $181,877 | $927 | 3.98% | |
| 55781 | Side Lake | MN | $321,116 | $1,467 | 3.56% | |
| 56639 | Effie | MN | $186,606 | $1,035 | 4.33% | |
| 55722 | Coleraine | MN | $210,414 | $873 | 3.24% | |
| 55744 | Grand Rapids | MN | $282,794 | $1,225 | 3.38% | |
| 56657 | Marcell | MN | $285,313 | $1,044 | 2.85% | |
| 55748 | Hill City | MN | $196,558 | $891 | 3.54% | |
| 56628 | Bigfork | MN | $234,449 | $1,161 | 3.86% | |
| 56661 | Northome | MN | $198,790 | $900 | 3.53% | |
| 55721 | Cohasset | MN | $339,655 | $873 | 2.00% | |
| 55764 | Marble | MN | $140,301 | $1,134 | 6.30% | |
| 56636 | Deer River | MN | $242,052 | $873 | 2.81% | |
| 56639 | Effie | MN | $178,711 | $1,035 | 4.52% | |
| 55722 | Coleraine | MN | $203,567 | $873 | 3.35% | |
| 55769 | Nashwauk | MN | $192,761 | $927 | 3.75% | |
| 55781 | Side Lake | MN | $354,803 | $1,467 | 3.23% | |
| 56657 | Marcell | MN | $261,788 | $1,044 | 3.11% | |
| 55744 | Grand Rapids | MN | $271,997 | $1,017 | 2.92% | |
| 55748 | Hill City | MN | $185,203 | $891 | 3.75% | |
| 56661 | Northome | MN | $184,767 | $900 | 3.80% | |
| 55764 | Marble | MN | $137,436 | $1,134 | 6.44% | |
| 56628 | Bigfork | MN | $250,743 | $1,161 | 3.61% | |
| 56636 | Deer River | MN | $255,810 | $873 | 2.66% | |
| 55721 | Cohasset | MN | $348,527 | $873 | 1.95% | |
| 55769 | Nashwauk | MN | $186,627 | $927 | 3.87% | |
| 55781 | Side Lake | MN | $326,435 | $1,467 | 3.51% | |
| 56639 | Effie | MN | $185,687 | $1,035 | 4.35% | |
| 55722 | Coleraine | MN | $207,430 | $873 | 3.28% | |
| 56657 | Marcell | MN | $279,669 | $1,044 | 2.91% | |
| 55744 | Grand Rapids | MN | $281,110 | $1,225 | 3.40% | |
| 55748 | Hill City | MN | $193,070 | $891 | 3.60% | |
| 56628 | Bigfork | MN | $242,865 | $1,161 | 3.73% | |
| 56661 | Northome | MN | $192,792 | $900 | 3.64% | |
| 55721 | Cohasset | MN | $339,655 | $873 | 2.00% | |
| 55764 | Marble | MN | $135,615 | $1,134 | 6.52% | |
| 56636 | Deer River | MN | $248,953 | $873 | 2.74% | |
| 56639 | Effie | MN | $182,923 | $1,035 | 4.41% | |
| 55722 | Coleraine | MN | $203,567 | $873 | 3.35% |
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About Grand Rapids, MN Real Estate Market
The Grand Rapids, MN metropolitan statistical area (MSA) encompasses 13 cities and 13 ZIP codes. The average home value across the metro is $242,168, with an average monthly rent of $1,036. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.