Real Estate Investing in Lake of the Woods County, Minnesota

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

2 ZIP codes • Population: 3,646

Should you buy in Lake of the Woods County, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ 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: 43.4% of homes vacant β€” above national norms.

What’s happening in Lake of the Woods County, MN?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $225,518
Avg Monthly Rent $986
ZIP Codes 2

Investing in Lake of the Woods County Real Estate

Lake of the Woods County spans 2 ZIP codes across 2 cities in Minnesota, with a population of 3,646. The county's tepid investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

The investment case for Lake of the Woods County is difficult to make on screen data alone. a harder case for a 3.0 rating and cap rates that appear attractive only until real vacancy is underwritten.

Distressed-leaning demographics in Lake of the Woods β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† rating sits where it does.

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 Lake of the Woods County, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$225,518
Avg Monthly Rent
$986
1% Rule
βœ— Below
Landlord Friendly (MN)
β˜…β˜…β˜…β˜†β˜†

Cities in Lake of the Woods County

ZIP Codes in Lake of the Woods County, MN

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Frequently Asked Questions About Lake of the Woods County

What is the rental occupancy rate in, MN?

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

What is the typical renter like in, MN?

The renter base in, MN is reasonable for the $986/mo price point. Screening well and pricing to market typically yields stable tenants.

Is rental property easy to operate in, MN?

MN law tenant-protective for landlords, and inherits those rules. Investors should still review local ordinances for rental licensing.

How does, MN compare to the MN average?

, MN comes in broadly in line with on the MN comparison. Specific drivers include $226K prices and $986/mo rents.

Community Ratings

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