Real Estate Investing in Hancock, Minnesota

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

1 ZIP codes • Population: 1,739 • Stevens County

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

🏠 For Homebuyers
MIXED
Grade C (61/100)

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: 13.2% of homes vacant — above national norms.

What’s happening in Hancock, MN?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.0% 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 $228,456
Avg Monthly Rent $873
ZIP Codes 1

Investing in Hancock Real Estate

Hancock in Minnesota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

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. Hancock is in that category.

The $873/mo / $228K relationship in Hancock looks tepid once vacancy and capex are incorporated into underwriting. tilts toward the realized yield tends to disappoint.

A an established population with $N/AK household income profile is what makes Hancock 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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Landlord Ground Truth

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Avg Home Value
$228,456
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Hancock, MN

Screen every ZIP in Hancock

Filter Hancock’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 Hancock, MN

Is Hancock, MN a friendly market for rental owners?

Rental owners in Hancock, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.

What is the typical renter like in Hancock, MN?

Tenant demand in Hancock, MN is solid. The local workforce $873/mo rents across most rental classes.

Can I house hack in Hancock, MN?

House hacking in Hancock, MN is a challenging. With home values around $228K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.

What are rental rates like in Hancock, MN?

Hancock, MN rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $228K acquisition costs.

What is the typical home price in Hancock, MN?

The median home value in Hancock, MN is roughly $228K. That puts it reasonable relative to the MN statewide average.

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