Real Estate Investing in Erhard, Minnesota

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

1 ZIP codes • Population: 1,287 • Otter Tail County

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

🏠 For Homebuyers
MIXED
Grade C (56/100)

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: 28.7% of homes vacant — above national norms.

What’s happening in Erhard, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.0% 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 $335,563
Avg Monthly Rent $1,080
ZIP Codes 1

Investing in Erhard Real Estate

Across Erhard's 1 ZIPs, the picture is lackluster: $336K median values, $1,080/mo rents, and a population that has faced real economic pressure.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Erhard is in that category.

The $1,080/mo / $336K relationship in Erhard looks soft once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Population dynamics in Erhard haven't been supportive. better suited elsewhere for combined with underwhelming income growth, the demographic backdrop complicates any purely financial underwriting.

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

Erhard 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
$335,563
Avg Monthly Rent
$1,080
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 Erhard, MN

Screen every ZIP in Erhard

Filter Erhard’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 Erhard, MN

Does Erhard, MN make sense for an investment property?

With a 3.0/5 investability score, Erhard, MN ranks as a solid market for rental property investors. Median prices of $336K and rents of $1,080/mo drive the underlying numbers.

How deep is the rental pool in Erhard, MN?

Expect a solid tenant pool in Erhard, MN. The rental market absorbs $1,080/mo rents without meaningful friction.

How much do tenants pay in Erhard, MN?

Rent in Erhard, MN is around $1,080/mo. The resulting rent-to-value relationship with $336K pricing is reasonable for most investor models.

How quickly do rentals get leased in Erhard, MN?

Erhard, MN carries elevated vacancy risk. Expect stable absorption at market rents of $1,080/mo.

Are homes affordable in Erhard, MN?

Erhard, MN median home values land near $336K. That is reasonable territory for investors looking at $1,080/mo-per-month rentals.

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