Real Estate Investing in Elizabeth, Minnesota

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

1 ZIP codes • Population: 333 • Otter Tail County

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

🏠 For Homebuyers
CAUTION
Grade D (43/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
WEAK
2.0 / 5 (38/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 14.6% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).

What’s happening in Elizabeth, MN?

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2.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

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 $221,369
Avg Monthly Rent $1,152
ZIP Codes 1

Investing in Elizabeth Real Estate

Elizabeth (Minnesota) spans 1 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

unambiguously Elizabeth's aggregate rating of ★★☆☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

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

A an established population with $N/AK household income profile is what makes Elizabeth a challenging rental market — the tenant base is present, but the affordability math is tight.

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 Fergus Falls, MN

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$221,369
Avg Monthly Rent
$1,152
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Fergus Falls, MN metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
59%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Fergus Falls, MN metro
0
Days to pending
7.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Elizabeth, MN

Screen every ZIP in Elizabeth

Filter Elizabeth’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 Elizabeth, MN

What is the typical home price in Elizabeth, MN?

The median home value in Elizabeth, MN is roughly $221K. That puts it reasonable relative to the MN statewide average.

What kind of tenants rent in Elizabeth, MN?

The renter base in Elizabeth, MN is reasonable for the $1,152/mo price point. Screening well and pricing to market typically yields reliable tenants.

Should investors consider Elizabeth, MN?

Elizabeth, MN clocks in at an investability rating of 2.0/5, with median home values near $221K and average rents around $1,152/mo. That combination puts it in the healthy tier for investor interest.

What approach is best for Elizabeth, MN real estate?

Elizabeth, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($221K prices, $1,152/mo rents) make it a reasonable choice.

Is MN a landlord-friendly state?

MN ranks as a balanced state for landlord-tenant law. Elizabeth generally follows the statewide framework, so landlords face reasonable operating rules.

Community Ratings

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