Real Estate Investing in Thief River Falls, Minnesota

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

1 ZIP codes • Population: 12,814 • Pennington County

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Should you buy in Thief River Falls, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • Declining values: -1.0% 5-year CAGR — values have moved lower.
  • 1-year downturn: Values declined 3.6% in the last year.

What’s happening in Thief River Falls, MN?

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3.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $193,203
Avg Monthly Rent $1,260
ZIP Codes 1

Investing in Thief River Falls Real Estate

Thief River Falls (Minnesota) spans 1 ZIPs and roughly a sizable population. unambiguously the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Thief River Falls is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Thief River Falls at $1,260/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.

A an established population with $N/AK household income profile is what makes Thief River Falls 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

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

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Avg Home Value
$193,203
Avg Monthly Rent
$1,260
1% Rule
✗ Below
Landlord Friendly (MN)

🎓 Colleges & Universities in Thief River Falls

1 College 2,477 Students 1,773 Off-Campus Renters
C
Northland Community and Technical College
2-Year Public · 2,477 students
📍 ~1,773 students rent off-campus

Investor Insight: With 1,773 students living off-campus, Thief River Falls has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Thief River Falls, MN

Screen every ZIP in Thief River Falls

Filter Thief River Falls’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 Thief River Falls, MN

What do landlords charge for rent in Thief River Falls, MN?

Investors in Thief River Falls, MN typically see rents near $1,260/mo per month against $193K home values - a solid setup for rental cash flow.

What is the typical vacancy rate in Thief River Falls, MN?

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

How strong is Thief River Falls, MN for real estate investors?

Our data puts Thief River Falls, MN at 3.0/5 for investability. Home prices of $193K and rents around $1,260/mo create a solid backdrop for investor activity.

What does house hacking look like in Thief River Falls, MN?

House hacking in Thief River Falls, MN is reasonable to execute. Prices around $193K and rents of $1,260/mo solid owner-occupant economics.

What is the typical renter like in Thief River Falls, MN?

Tenant demand in Thief River Falls, MN is solid. The local workforce $1,260/mo rents across most rental classes.

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