Real Estate Investing in Lewisville, Minnesota (56060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56060 (Lewisville, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 13.5% 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 Lewisville, MN (56060)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56060 Lewisville
This part of Watonwan County is not an easy win. The 56060 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 56060 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 56060's metrics run below Watonwan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 56060 ZIP's population of 446 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 56060 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lewisville:
Market Trends
Home Value History (with trend line)
📊 How Does 56060 Compare?
| Metric | 56060 | Lewisville | Mankato, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $171,340 | $171,340 | N/A | $340,597 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56060 (Lewisville, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,340 |
| Monthly Rent | $954 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (4.3%). 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 56060
Population: 446
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
How much rent can I charge in Lewisville, MN?
Average rent in Lewisville, MN is approximately $954/mo per month. Against $171K home values that yields a reasonable rent-to-price ratio.
Is MN a landlord-friendly state?
MN law balanced for landlords, and Lewisville inherits those rules. Investors should still review local ordinances for rental licensing.
What type of investing works in Lewisville, MN?
Most investors in Lewisville, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Lewisville in MN worth investing in?
Lewisville, MN rates 3.0/5 for investability. With median values at $171K and rents near $954/mo, the market offers reasonable fundamentals for rental investors.
How qualified is the tenant pool in Lewisville, MN?
Lewisville, MN draws a even-keeled base of working renters. Demand at the $954/mo rent level is reasonable for standard single-family and small multi rentals.
You know 56060 now. You don’t know where it ranks.
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How 56060 ranks in Mankato, MN
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