Real Estate Investing in Elysian, Minnesota (56028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56028 (Elysian, 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: 36.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elysian, MN (56028)?
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Market Analysis: 56028 Elysian
Not every below-median market is a bargain. Elysian's 56028 ZIP registers signals that favor experienced operators who can absorb the risk $430K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 56028 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 56028 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 56028 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.
Distressed ZIPs reward experience. significant returns are possible in 56028, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Elysian:
Market Trends
Home Value History (with trend line)
📊 How Does 56028 Compare?
| Metric | 56028 | Elysian | Minnesota |
|---|---|---|---|
| Home Value | $429,667 | $429,667 | $340,597 |
| 5-Year CAGR | 4.9% | 4.9% | 4.9% |
| Avg Rent | $1,152 | $1,152 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56028 (Elysian, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $429,667 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 31.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.1%). 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 56028
Population: 1,057
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does Elysian, MN make sense for an investment property?
Investors tracking Elysian, MN will find a 3.0/5 rating supported by $430K median home values and $1,152/mo rents. That profile suits long-term holders targeting stable returns.
What is the rental occupancy rate in Elysian, MN?
Vacancy risk in Elysian, MN is elevated. That supports even-keeled cash flow for typical rental holds.
How landlord-friendly is Elysian, MN?
Elysian, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Does a duplex house hack pencil in Elysian, MN?
Elysian, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $430K price point reasonable to enter.
Where do rents currently stand in Elysian, MN?
Elysian, MN rentals go for roughly $1,152/mo a month. That puts gross yield in solid territory relative to $430K acquisition costs.
You know 56028 now. You don’t know where it ranks.
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How 56028 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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