Real Estate Investing in Emmons, Minnesota (56029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56029 (Emmons, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.5% 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 Emmons, MN (56029)?
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Market Analysis: 56029 Emmons
The 56029 ZIP in Emmons, MN is a local-operator market. Outside capital chasing a $191K entry has to pair deep knowledge with the discount.
On balance, the numbers look inviting — $191K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56029 is substantial and deserves full respect.
In the broader MN picture, 56029 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 56029 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.
New investors are better served looking at Emmons's stable or hybrid ZIPs before stepping into 56029. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Emmons:
Market Trends
Home Value History (with trend line)
📊 How Does 56029 Compare?
| Metric | 56029 | Emmons | Minnesota |
|---|---|---|---|
| Home Value | $190,699 | $190,699 | $340,597 |
| 5-Year CAGR | 4.9% | 4.9% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56029 (Emmons, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,699 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.6%). 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 56029
Population: 583
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
Are there empty rentals in Emmons, MN?
Emmons, MN carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.
How do home values compare in Emmons, MN?
Median home price in Emmons, MN is near $191K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How much is rent in Emmons, MN?
Rental rates in Emmons, MN average $873/mo. Tenant demand and $191K home values make the yield look reasonable by investor standards.
Is the tenant base reliable in Emmons, MN?
Tenant quality in Emmons, MN ranks as solid. Landlords generally report stable occupancy at market rents of $873/mo.
Is Emmons, MN better for rentals, flips, or BRRRR?
The best-fit strategy in Emmons, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 56029 now. You don’t know where it ranks.
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