Real Estate Investing in Spicer, Minnesota
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Should you buy in Spicer, MN? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 28.0% of homes vacant — above national norms.
What’s happening in Spicer, MN?
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Market Trends — Spicer, MN
Home Value History
Investing in Spicer Real Estate
Spicer 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. Spicer is in that category.
Rents in Spicer at $873/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
Distressed-leaning demographics in Spicer — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.
Best ZIP codes in Willmar, MN
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Landlord Ground Truth
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ZIP Codes in Spicer, MN
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View PlansFrequently Asked Questions About Spicer, MN
Can owner-occupants cash flow in Spicer, MN?
Spicer, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $409K price point reasonable to enter.
Is the tenant base reliable in Spicer, MN?
Tenant demand in Spicer, MN is solid. The local workforce $873/mo rents across most rental classes.
How strict are landlord regulations in Spicer, MN?
Rental owners in Spicer, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
Do rentals sit vacant long in Spicer, MN?
Rental vacancy in Spicer, MN is elevated. Investors should budget normal turnover but not chronic empty units.
Where do rents currently stand in Spicer, MN?
The typical rental in Spicer, MN commands about $873/mo monthly. That rent profile consistent cash flow against the $409K purchase basis.
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