Real Estate Investing in Kelliher, Minnesota

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

1 ZIP codes • Population: 932 • Beltrami County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

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: 31.0% of homes vacant — above national norms.

What’s happening in Kelliher, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 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 $193,090
Avg Monthly Rent $891
ZIP Codes 1

Investing in Kelliher Real Estate

Kelliher 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.

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

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

Kelliher's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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 Bemidji, MN

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Kelliher, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$193,090
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Bemidji, MN metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
71%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Bemidji, MN metro
0
Days to pending
8.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Kelliher, MN

Screen every ZIP in Kelliher

Filter Kelliher’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 Kelliher, MN

Do landlords face vacancy issues in Kelliher, MN?

Kelliher, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What is the renter demographic in Kelliher, MN?

Tenant demand in Kelliher, MN is solid. The local workforce $891/mo rents across most rental classes.

What is the typical home price in Kelliher, MN?

The median home value in Kelliher, MN is roughly $193K. That puts it reasonable relative to the MN statewide average.

Is Kelliher, MN landlord-friendly?

Landlord-friendliness in Kelliher, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.

What is the average monthly rent in Kelliher, MN?

The typical rental in Kelliher, MN commands about $891/mo monthly. That rent profile measured cash flow against the $193K purchase basis.

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