Real Estate Investing in Truman, Minnesota (56088)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56088 (Truman, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Truman, MN (56088)?
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Market Analysis: 56088 Truman
From a cash-flow lens, ZIP 56088 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $218K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56088 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 56088's metrics run below Martin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 56088 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 56088 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 Truman:
Property Strategy for 56088
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $125,473 | $1,060 | 6.1% | +11.9% | $62,737 |
| 3BR | $181,945 | $1,490 | 5.9% | +10.6% | $60,648 |
| 4BR | $211,777 | $1,780 | 6.1% | +9.4% | $52,944 |
Market Trends
Home Value History (with trend line)
📊 How Does 56088 Compare?
| Metric | 56088 | Truman | Fairmont, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $218,047 | $218,047 | N/A | $340,597 |
| 5-Year CAGR | 9.0% | 9.0% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56088 (Truman, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,047 |
| Monthly Rent | $954 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.4%). 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 56088
Population: 2,063
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 56088
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 quickly do rentals get leased in Truman, MN?
Vacancy in Truman, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $954/mo.
How strong is tenant demand in Truman, MN?
Expect a solid tenant pool in Truman, MN. The rental market absorbs $954/mo rents without meaningful friction.
Are rents high in Truman, MN?
Rental rates in Truman, MN average $954/mo. Tenant demand and $218K home values make the yield look reasonable by investor standards.
Which real estate strategy fits Truman, MN?
Truman, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($218K prices, $954/mo rents) make it a reasonable choice.
What is the average home sale price in Truman, MN?
Truman, MN median home values land near $218K. That is reasonable territory for investors looking at $954/mo-per-month rentals.
You know 56088 now. You don’t know where it ranks.
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How 56088 ranks in Fairmont, MN
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