Real Estate Investing in Warba, Minnesota (55793)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55793 (Warba, MN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 24.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Warba, MN (55793)?
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Market Analysis: 55793 Warba
Not every below-median market is a bargain. Warba's 55793 ZIP shows signals that favor experienced operators who can absorb the risk $231K pricing implies.
From an investor standpoint, the numbers look inviting — $231K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55793 is substantial and deserves full respect.
In practical terms, 55793 offers a low basis, the region around Warba has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 55793 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 55793 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Warba:
Market Trends
Home Value History (with trend line)
📊 How Does 55793 Compare?
| Metric | 55793 | Warba | Grand Rapids, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $230,726 | $230,726 | N/A | $340,597 |
| 5-Year CAGR | N/A | N/A | N/A | 4.9% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55793 (Warba, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,726 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55793
Population: 676
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55793
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Does Warba, MN make sense for an investment property?
Warba, MN sits at an investability rating of 2.0/5, with median home values near $231K and average rents around $1,071/mo. That combination puts it in the notable tier for investor interest.
What is the best play in Warba, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Warba, MN. The numbers - $231K homes against $1,071/mo rents - support that play.
What do rentals go for in Warba, MN?
Warba, MN rentals go for roughly $1,071/mo a month. That puts gross yield in solid territory relative to $231K acquisition costs.
Is MN a landlord-friendly state?
MN ranks as a balanced state for landlord-tenant law. Warba generally follows the statewide framework, so landlords face reasonable operating rules.
What is the rental occupancy rate in Warba, MN?
Expect elevated vacancy in Warba, MN. Rents at $1,071/mo are absorbed by the tenant base without meaningful lag.
You know 55793 now. You don’t know where it ranks.
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