Real Estate Investing in Odessa, Minnesota

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

1 ZIP codes • Population: 251 • Lac Qui Parle County

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

🏠 For Homebuyers
WEAK FIT
Grade F (39/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 26.4% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).

What’s happening in Odessa, MN?

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2.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

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 $196,632
Avg Monthly Rent $891
ZIP Codes 1

Investing in Odessa Real Estate

With a sizable population across 1 ZIPs, Odessa shows the kind of modest fundamentals that keep most out-of-state capital on the sidelines.

Across Odessa's 1 ZIPs, fundamentals run lackluster: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

clearly Odessa's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

A an established population with $N/AK household income profile is what makes Odessa 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
$196,632
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Odessa, MN

Screen every ZIP in Odessa

Filter Odessa’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 Odessa, MN

What price range are homes in Odessa, MN?

In Odessa, MN the median home value sits at $197K. Against the broader MN market, that reads as reasonable for most investors.

How qualified is the tenant pool in Odessa, MN?

Working renters make up the core of the Odessa, MN tenant base. The pool is reasonable for investors targeting long-term holds.

How strict are landlord regulations in Odessa, MN?

Odessa, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.

Is Odessa, MN good for house hacking?

Odessa, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.

What are vacancy rates like in Odessa, MN?

Vacancy risk in Odessa, MN is elevated. That supports measured cash flow for typical rental holds.

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