Real Estate Investing in Morris, Minnesota (56267)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56267 (Morris, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morris, MN (56267)?
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Market Analysis: 56267 Morris
On the rental side, ZIP 56267 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $225K median. It rewards specialists, not generalists.
The investment case in 56267 is solid only for operators who understand what they are buying. A $225K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On balance, 56267 offers a low basis, the region around Morris has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 56267 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.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Morris:
Property Strategy for 56267
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $187,853 | $1,390 | 5.3% | +5.8% | $62,618 |
| 4BR | $234,715 | $1,680 | 5.2% | +5.5% | $58,679 |
Market Trends
Home Value History (with trend line)
📊 How Does 56267 Compare?
| Metric | 56267 | Morris | Minnesota |
|---|---|---|---|
| Home Value | $225,233 | $225,233 | $340,597 |
| 5-Year CAGR | 3.8% | 3.8% | 4.9% |
| Avg Rent | $900 | $900 | - |
| 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 56267 (Morris, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,233 |
| Monthly Rent | $900 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 56267
Population: 6,766
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 56267
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 monthly rent should investors expect in Morris, MN?
Morris, MN rentals go for roughly $900/mo a month. That puts gross yield in solid territory relative to $225K acquisition costs.
Should investors worry about vacancy in Morris, MN?
Vacancy risk in Morris, MN is elevated. That supports consistent cash flow for typical rental holds.
What is the best play in Morris, MN?
The best-fit strategy in Morris, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical home price in Morris, MN?
Median home price in Morris, MN is near $225K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Morris, MN?
Morris, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $225K price point reasonable to enter.
You know 56267 now. You don’t know where it ranks.
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