Real Estate Investing in Blue Earth, Minnesota (56013)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56013 (Blue Earth, 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: 13.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Blue Earth, MN (56013)?
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Market Analysis: 56013 Blue Earth
Not every below-median market is a bargain. Blue Earth's 56013 ZIP stands at signals that favor experienced operators who can absorb the risk $183K pricing implies.
The 56013 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 56013 offers a low basis, the region around Blue Earth has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 56013 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 56013 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 Blue Earth:
Property Strategy for 56013
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,391 | $1,000 | 5.4% | +9.0% | $66,195 |
| 3BR | $172,030 | $1,350 | 5.7% | +7.8% | $57,343 |
| 4BR | $219,451 | $1,350 | 4.4% | +7.2% | $54,863 |
Market Trends
Home Value History (with trend line)
📊 How Does 56013 Compare?
| Metric | 56013 | Blue Earth | Fairmont, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $183,025 | $183,025 | N/A | $340,597 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 4.9% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56013 (Blue Earth, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,025 |
| Monthly Rent | $900 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.8%). 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 56013
Population: 4,534
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 56013
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
How tight is the rental market in Blue Earth, MN?
Vacancy in Blue Earth, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $900/mo.
Where do rents currently stand in Blue Earth, MN?
Rent in Blue Earth, MN is around $900/mo. The resulting rent-to-value relationship with $183K pricing is reasonable for most investor models.
Is Blue Earth, MN a friendly market for rental owners?
Blue Earth, MN operates under MN law, which is balanced overall for landlords. Expect steady treatment in typical lease and eviction cases.
Can I house hack in Blue Earth, MN?
The house hack math a challenging in Blue Earth, MN. Owner-occupant buyers benefit from the $900/mo rents and $183K home values.
How does Blue Earth, MN stack up for property investment?
The 3.0/5 investability rating in Blue Earth, MN reflects its $183K prices and $900/mo rents. Investors generally consider it a solid option within MN.
You know 56013 now. You don’t know where it ranks.
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How 56013 ranks in Fairmont, MN
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