Real Estate Investing in Winnebago, Minnesota (56098)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56098 (Winnebago, 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.
- High vacancy: 13.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Winnebago, MN (56098)?
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Market Analysis: 56098 Winnebago
Investors eyeing 56098 need to respect the fundamentals at play. Home values of $183K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56098 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 56098 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 56098 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 56098 is an operator game, not a passive one. From a cash-flow lens, entry prices of $183K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Winnebago:
Property Strategy for 56098
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,266 | $990 | 5.3% | — | $67,633 |
| 3BR | $177,235 | $1,340 | 5.4% | +8.5% | $59,078 |
Market Trends
Home Value History (with trend line)
📊 How Does 56098 Compare?
| Metric | 56098 | Winnebago | Fairmont, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $182,680 | $182,680 | N/A | $340,597 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 4.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56098 (Winnebago, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,680 |
| Monthly Rent | $891 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.8%). 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 56098
Population: 1,946
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
Should investors worry about vacancy in Winnebago, MN?
Winnebago, MN carries elevated vacancy risk. Expect even-keeled absorption at market rents of $891/mo.
Are tenants stable in Winnebago, MN?
The tenant pool in Winnebago, MN is solid, supported by local employment and population fundamentals. Rents of $891/mo are well-absorbed by the market.
Where do rents currently stand in Winnebago, MN?
Rent in Winnebago, MN is around $891/mo. The resulting rent-to-value relationship with $183K pricing is reasonable for most investor models.
Does Winnebago, MN favor landlords or tenants?
For rental operators, Winnebago, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
Is housing expensive in Winnebago, MN?
Expect median prices around $183K in Winnebago, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 56098 now. You don’t know where it ranks.
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How 56098 ranks in Fairmont, MN
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