Real Estate Investing in Garfield, Minnesota

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

1 ZIP codes • Population: 1,658 • Douglas County

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Should you buy in Garfield, 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: 15.8% of homes vacant — above national norms.

What’s happening in Garfield, 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 $382,815
Avg Monthly Rent $963
ZIP Codes 1

Investing in Garfield Real Estate

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

Investors considering Garfield, MN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

The $963/mo / $383K relationship in Garfield looks sluggish once vacancy and capex are incorporated into underwriting. leans the realized yield tends to disappoint.

Demographics in Garfield show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Alexandria, MN

Garfield 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
$382,815
Avg Monthly Rent
$963
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Alexandria, MN metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
53%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Alexandria, MN metro
0
Days to pending
9.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Garfield, MN

Screen every ZIP in Garfield

Filter Garfield’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 Garfield, MN

Are homes affordable in Garfield, MN?

Garfield, MN home values average about $383K. That price point suits investors targeting rentals with $963/mo in monthly income.

Is it easy to find good tenants in Garfield, MN?

The renter base in Garfield, MN is reasonable for the $963/mo price point. Screening well and pricing to market typically yields measured tenants.

Do landlords face vacancy issues in Garfield, MN?

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

What do rentals go for in Garfield, MN?

Rental rates in Garfield, MN average $963/mo. Tenant demand and $383K home values make the yield look reasonable by investor standards.

Does house hacking make sense in Garfield, MN?

House hacking works a challenging in Garfield, MN. Rents of $963/mo against $383K acquisition make the strategy solid for owner-occupants.

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