Real Estate Investing in Willmar, Minnesota (56201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56201 (Willmar, 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.
What’s happening in Willmar, MN (56201)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56201 Willmar
ZIP 56201 in Willmar, MN carries a impressive set of headwinds. Home values near $247K and rents of $976/mo sit inside a market where underwriting has to be tight.
Rent of $976/mo on a $247K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56201 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 56201 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 56201 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 56201 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Willmar:
Property Strategy for 56201
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $190,297 | $970 | 3.7% | +6.9% | $95,148 |
| 3BR | $224,870 | $1,350 | 4.3% | +7.6% | $74,957 |
| 4BR | $287,177 | $1,640 | 4.1% | +7.2% | $71,794 |
| 5BR | $349,658 | — | — | +6.7% | $69,932 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 56201 Compare?
| Metric | 56201 | Willmar | Willmar, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $247,379 | $247,379 | N/A | $340,597 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 4.9% |
| Avg Rent | $976 | $976 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 56201 (Willmar, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,379 |
| Monthly Rent | $976 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.1%). 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 56201
Population: 24,860
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 56201
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
Investor Insight: With 1,690 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in Willmar, MN?
Rental vacancy in Willmar, MN is elevated. Investors should budget normal turnover but not chronic empty units.
How strong is the working-renter base in Willmar, MN?
Expect a solid tenant pool in Willmar, MN. The rental market absorbs $976/mo rents without meaningful friction.
What price range are homes in Willmar, MN?
Willmar, MN median home values land near $247K. That is reasonable territory for investors looking at $976/mo-per-month rentals.
How do landlord-tenant laws work in Willmar, MN?
Willmar, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What are rental rates like in Willmar, MN?
Investors in Willmar, MN typically see rents near $976/mo per month against $247K home values - a solid setup for rental cash flow.
You know 56201 now. You don’t know where it ranks.
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How 56201 ranks in Willmar, MN
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