Real Estate Investing in Slayton, Minnesota (56172)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56172 (Slayton, 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: 20.4% 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 Slayton, MN (56172)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56172 Slayton
ZIP 56172 inside Murray County looks affordable on the surface — median value of $231K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 56172 is solid only for operators who understand what they are buying. A $231K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Slayton have seen price recovery that 56172 has not matched. Murray County data supports the view that the spread is structural rather than temporary.
Resident income in 56172 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 56172, 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 Slayton:
Market Trends
Home Value History (with trend line)
📊 How Does 56172 Compare?
| Metric | 56172 | Slayton | Minnesota |
|---|---|---|---|
| Home Value | $231,455 | $231,455 | $340,597 |
| 5-Year CAGR | 6.7% | 6.7% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56172 (Slayton, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,455 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.9%). 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 56172
Population: 2,954
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 56172
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
Does house hacking make sense in Slayton, MN?
The a challenging house-hack environment in Slayton, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors consider Slayton, MN?
Slayton, MN records an investability rating of 3.0/5, with median home values near $231K and average rents around $873/mo. That combination puts it in the durable tier for investor interest.
How strong is tenant demand in Slayton, MN?
Expect a solid tenant pool in Slayton, MN. The rental market absorbs $873/mo rents without meaningful friction.
Are landlord laws favorable in Slayton, MN?
Slayton, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Do landlords face vacancy issues in Slayton, MN?
Slayton, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 56172 now. You don’t know where it ranks.
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