Real Estate Investing in Comfrey, Minnesota (56019)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56019 (Comfrey, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.8 — hard to cash-flow at these prices.
• 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 Comfrey, MN (56019)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56019 Comfrey
From a cash-flow lens, ZIP 56019 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $291K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $291K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56019 is substantial and deserves full respect.
The gap between 56019 and stronger Comfrey ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 56019 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 56019 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Comfrey:
Market Trends
Home Value History (with trend line)
📊 How Does 56019 Compare?
| Metric | 56019 | Comfrey | New Ulm, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $291,389 | $291,389 | N/A | $340,597 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56019 (Comfrey, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56019 (Comfrey, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $291,389 |
| Monthly Rent | $873 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +13.5% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.3%). 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 56019
Population: 767
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 56019
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
What is the typical vacancy rate in Comfrey, MN?
Rental vacancy in Comfrey, MN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the typical rental rate in Comfrey, MN?
Expect rents around $873/mo per month in Comfrey, MN. With home values at $291K, the yield math works out to reasonable levels for rental investors.
Is Comfrey, MN good for landlords?
Comfrey, MN operates under MN law, which is balanced overall for landlords. Expect stable treatment in typical lease and eviction cases.
What is the typical renter like in Comfrey, MN?
Tenant demand in Comfrey, MN is solid. The local workforce $873/mo rents across most rental classes.
Is Comfrey, MN a smart market for rental property?
Yes - Comfrey, MN a 3.0/5 investability score. With $291K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 56019 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56019 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 56019 (Comfrey)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56019 (Comfrey, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.