Real Estate Investing in Round Lake, Minnesota (56167)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56167 (Round Lake, 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: 14.2% 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 Round Lake, MN (56167)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56167 Round Lake
Put differently, ZIP 56167 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $172K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 56167 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 56167's metrics run below Jackson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 56167 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.
Strategically, 56167 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 Round Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 56167 Compare?
| Metric | 56167 | Round Lake | Worthington, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $172,421 | $172,421 | N/A | $340,597 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 4.9% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56167 (Round Lake, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,421 |
| Monthly Rent | $963 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.4%). 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 56167
Population: 615
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are eviction rules reasonable in Round Lake, MN?
Rental owners in Round Lake, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
Are renters plentiful in Round Lake, MN?
The tenant pool in Round Lake, MN is solid, supported by local employment and population fundamentals. Rents of $963/mo are well-absorbed by the market.
What is the typical home price in Round Lake, MN?
The median home value in Round Lake, MN is roughly $172K. That puts it reasonable relative to the MN statewide average.
Should investors consider Round Lake, MN?
Yes - Round Lake, MN a 3.0/5 investability score. With $172K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are rents high in Round Lake, MN?
Rental rates in Round Lake, MN average $963/mo. Tenant demand and $172K home values make the yield look reasonable by investor standards.
You know 56167 now. You don’t know where it ranks.
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