Real Estate Investing in Edgerton, Minnesota (56128)
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Should you buy in 56128 (Edgerton, 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 Edgerton, MN (56128)?
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Market Analysis: 56128 Edgerton
ZIP 56128 inside Pipestone looks affordable on the surface — median value of $277K — but the discount exists for reasons that a careful buyer should understand before committing.
The 56128 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 56128 sits on the difficult end of the MN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A impressive renter share of 13% in 56128 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. substantial returns are possible in 56128, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Edgerton:
Market Trends
Home Value History (with trend line)
📊 How Does 56128 Compare?
| Metric | 56128 | Edgerton | Minnesota |
|---|---|---|---|
| Home Value | $277,233 | $277,233 | $340,597 |
| 5-Year CAGR | 7.8% | 7.8% | 4.9% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56128 (Edgerton, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,233 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 56128
Population: 1,948
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 56128
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 does Edgerton, MN stack up for property investment?
With a 3.0/5 investability score, Edgerton, MN ranks as a solid market for rental property investors. Median prices of $277K and rents of $1,008/mo drive the underlying numbers.
How much should I expect to pay for a home in Edgerton, MN?
Edgerton, MN home values average about $277K. That price point suits investors targeting rentals with $1,008/mo in monthly income.
What is the average monthly rent in Edgerton, MN?
The typical rental in Edgerton, MN commands about $1,008/mo monthly. That rent profile consistent cash flow against the $277K purchase basis.
Are there empty rentals in Edgerton, MN?
Edgerton, MN carries elevated vacancy risk. Expect consistent absorption at market rents of $1,008/mo.
Does Edgerton, MN favor landlords or tenants?
Edgerton, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
You know 56128 now. You don’t know where it ranks.
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