Real Estate Investing in Worthington, Minnesota (56187)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56187 (Worthington, 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.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Worthington, MN (56187)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56187 Worthington
Put differently, ZIP 56187 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $253K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $253K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56187 is substantial and deserves full respect.
ZIP 56187's metrics run below Nobles County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 56187 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 56187 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 Worthington:
Property Strategy for 56187
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,247 | $1,070 | 4.0% | +7.4% | $96,623 |
| 3BR | $250,752 | $1,320 | 3.8% | +7.7% | $83,584 |
| 4BR | $307,523 | $1,420 | 3.3% | +7.5% | $76,881 |
Market Trends
Home Value History (with trend line)
📊 How Does 56187 Compare?
| Metric | 56187 | Worthington | Worthington, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $253,404 | $253,404 | N/A | $340,597 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 4.9% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 56187 (Worthington, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56187 (Worthington, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $253,404 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.0%). 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 56187
Population: 15,225
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 56187
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are home prices like in Worthington, MN?
Median home price in Worthington, MN is near $253K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strong is the working-renter base in Worthington, MN?
Tenant demand in Worthington, MN is solid. The local workforce $963/mo rents across most rental classes.
Is Worthington, MN good for house hacking?
House hacking in Worthington, MN is a challenging. With home values around $253K and rents at $963/mo, owner-occupants can offset a meaningful share of PITI.
What is the investability score for Worthington, MN?
Yes - Worthington, MN a 3.0/5 investability score. With $253K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Worthington, MN good for landlords?
For rental operators, Worthington, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
You know 56187 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56187 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 56187 (Worthington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56187 (Worthington, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.