Real Estate Investing in Bovey, Minnesota

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

1 ZIP codes • Population: 4,314 • Itasca

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

🏠 For Homebuyers
MIXED
Grade C (60/100)

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: 36.4% of homes vacant — above national norms.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.0% 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 $248,208
Avg Monthly Rent $999
ZIP Codes 1

Investing in Bovey Real Estate

With a sizable population across 1 ZIPs, Bovey shows the kind of modest fundamentals that keep most out-of-state capital on the sidelines.

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

Market conditions in Bovey are modest. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

The 0% renter share in Bovey masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$248,208
Avg Monthly Rent
$999
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Bovey, MN

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Filter Bovey’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 Bovey, MN

What price range are homes in Bovey, MN?

Homes in Bovey, MN typically sell near $248K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.

What type of investing works in Bovey, MN?

Most investors in Bovey, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

Does Bovey, MN favor landlords or tenants?

For rental operators, Bovey, MN rates as balanced. The regulatory environment standard buy-and-hold operations.

Is vacancy a concern in Bovey, MN?

Bovey, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

How viable is house hacking in Bovey, MN?

Bovey, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $248K price point reasonable to enter.

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