Real Estate Investing in Tyler, Minnesota (56178)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56178 (Tyler, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.5% 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 Tyler, MN (56178)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56178 Tyler
The 56178 ZIP in Tyler, MN is a local-operator market. Outside capital chasing a $176K entry has to pair deep knowledge with the discount.
Rent of $909/mo on a $176K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56178 sits below the stated 0.0% once reality is priced in.
ZIP 56178's metrics run below Lincoln's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A robust renter share of 19% in 56178 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Tyler's stable or hybrid ZIPs before stepping into 56178. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Tyler:
Market Trends
Home Value History (with trend line)
📊 How Does 56178 Compare?
| Metric | 56178 | Tyler | Minnesota |
|---|---|---|---|
| Home Value | $176,089 | $176,089 | $340,597 |
| 5-Year CAGR | 4.2% | 4.2% | 4.9% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56178 (Tyler, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,089 |
| Monthly Rent | $909 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (4.0%). 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 56178
Population: 1,669
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 56178
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
Are renters plentiful in Tyler, MN?
Expect a solid tenant pool in Tyler, MN. The rental market absorbs $909/mo rents without meaningful friction.
What is the best play in Tyler, MN?
The best-fit strategy in Tyler, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What are home prices like in Tyler, MN?
Homes in Tyler, MN typically sell near $176K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Can owner-occupants cash flow in Tyler, MN?
House hacking in Tyler, MN is a challenging. With home values around $176K and rents at $909/mo, owner-occupants can offset a meaningful share of PITI.
How strict are landlord regulations in Tyler, MN?
Tyler, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
You know 56178 now. You don’t know where it ranks.
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