Real Estate Investing in Bemidji, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 34,700 • Beltrami County

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Should you buy in Bemidji, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 12.0% of homes vacant — above national norms.

What’s happening in Bemidji, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.3% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $292,668
Avg Monthly Rent $1,357
ZIP Codes 1

Investing in Bemidji Real Estate

This is a distressed-leaning corner of Minnesota: Bemidji has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

The investment case for Bemidji is difficult to make on screen data alone. a challenging fit for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rent trends and price trends in Bemidji are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Minnesota.

Bemidji's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Bemidji, MN

Bemidji is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Bemidji, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$292,668
Avg Monthly Rent
$1,357
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Bemidji, MN metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
71%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Bemidji, MN metro
0
Days to pending
8.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Bemidji

3 Colleges 4,944 Students 952 Off-Campus Renters
C+
Bemidji State University
4-Year Public · 3,926 students
📍 ~325 students rent off-campus
C
Oak Hills Christian College
4-Year Private · 117 students
C
Northwest Technical College
2-Year Public · 901 students
📍 ~627 students rent off-campus

Investor Insight: With 952 students living off-campus, Bemidji has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Bemidji, MN

Screen every ZIP in Bemidji

Filter Bemidji’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Bemidji, MN

What are rental rates like in Bemidji, MN?

Bemidji, MN rentals go for roughly $1,357/mo a month. That puts gross yield in solid territory relative to $293K acquisition costs.

What real estate strategy is ideal for Bemidji, MN?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bemidji, MN. The numbers - $293K homes against $1,357/mo rents - support that play.

How does Bemidji, MN rate as a rental market?

Investors tracking Bemidji, MN will find a 3.0/5 rating supported by $293K median home values and $1,357/mo rents. That profile suits long-term holders targeting measured returns.

What kind of vacancy should I budget for in Bemidji, MN?

Rental vacancy in Bemidji, MN is elevated. Investors should budget normal turnover but not chronic empty units.

Is house hacking profitable in Bemidji, MN?

The a challenging house-hack environment in Bemidji, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

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