Real Estate Investing in Geneva, Minnesota (56035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56035 (Geneva, 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: 14.3% 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 Geneva, MN (56035)?
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Market Analysis: 56035 Geneva
This part of Freeborn County is not an easy win. The 56035 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $232K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56035 is substantial and deserves full respect.
Looking more closely, 56035 offers a low basis, the region around Geneva has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A durable renter share of 17% in 56035 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Geneva:
Market Trends
Home Value History (with trend line)
📊 How Does 56035 Compare?
| Metric | 56035 | Geneva | Albert Lea, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $231,859 | $231,859 | N/A | $340,597 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56035 (Geneva, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,859 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.9%). 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 56035
Population: 329
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
Frequently Asked Questions
Where do home prices stand in Geneva, MN?
In Geneva, MN the median home value sits at $232K. Against the broader MN market, that reads as reasonable for most investors.
How strong is the working-renter base in Geneva, MN?
Working renters make up the core of the Geneva, MN tenant base. The pool is reasonable for investors targeting long-term holds.
How does Geneva, MN stack up for property investment?
Geneva, MN rates 3.0/5 for investability. With median values at $232K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Geneva, MN?
Rental rates in Geneva, MN average $873/mo. Tenant demand and $232K home values make the yield look reasonable by investor standards.
What does house hacking look like in Geneva, MN?
Geneva, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
You know 56035 now. You don’t know where it ranks.
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How 56035 ranks in Albert Lea, MN
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