Real Estate Investing in Fergus Falls, Minnesota

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

1 ZIP codes • Population: 19,650 • Otter Tail County

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Should you buy in Fergus Falls, 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
  • Elevated vacancy: 11.6% vacancy may signal weakening demand.

What’s happening in Fergus Falls, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.2% 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 $250,983
Avg Monthly Rent $914
ZIP Codes 1

Investing in Fergus Falls Real Estate

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

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

Market conditions in Fergus Falls 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 Fergus Falls 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

Fergus Falls 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
$250,983
Avg Monthly Rent
$914
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

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☀️ 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

🎓 Colleges & Universities in Fergus Falls

1 College 5,414 Students 2,669 Off-Campus Renters
C+
Minnesota State Community and Technical College
2-Year Public · 5,414 students
📍 ~2,669 students rent off-campus

Investor Insight: With 2,669 students living off-campus, Fergus Falls has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Fergus Falls, MN

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Filter Fergus Falls’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 Fergus Falls, MN

How high is vacancy risk in Fergus Falls, MN?

Vacancy in Fergus Falls, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $914/mo.

What price range are homes in Fergus Falls, MN?

Homes in Fergus Falls, MN typically sell near $251K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

How strong is Fergus Falls, MN for real estate investors?

Our data puts Fergus Falls, MN at 3.0/5 for investability. Home prices of $251K and rents around $914/mo create a solid backdrop for investor activity.

How strict are landlord regulations in Fergus Falls, MN?

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

How much rent can I charge in Fergus Falls, MN?

Rental rates in Fergus Falls, MN average $914/mo. Tenant demand and $251K home values make the yield look reasonable by investor standards.

Community Ratings

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