Real Estate Investing in Morgan, Minnesota (56266)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56266 (Morgan, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 12.6% 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 Morgan, MN (56266)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56266 Morgan
Put differently, ZIP 56266 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $192K median. It rewards specialists, not generalists.
Rent of $1,089/mo on a $192K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56266 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Morgan have seen price recovery that 56266 has not matched. Redwood data supports the view that the spread is structural rather than temporary.
Resident income in 56266 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 56266 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 Morgan:
Market Trends
Home Value History (with trend line)
📊 How Does 56266 Compare?
| Metric | 56266 | Morgan | Minnesota |
|---|---|---|---|
| Home Value | $192,034 | $192,034 | $340,597 |
| 5-Year CAGR | 8.3% | 8.3% | 4.9% |
| Avg Rent | $1,089 | $1,089 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56266 (Morgan, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,034 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.4%). 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 56266
Population: 1,516
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 56266
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
What is the average home sale price in Morgan, MN?
Morgan, MN median home values land near $192K. That is reasonable territory for investors looking at $1,089/mo-per-month rentals.
How strict are landlord regulations in Morgan, MN?
Morgan, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What is the typical renter like in Morgan, MN?
The renter base in Morgan, MN is reasonable for the $1,089/mo price point. Screening well and pricing to market typically yields measured tenants.
What strategy should investors use in Morgan, MN?
Most investors in Morgan, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Should investors consider Morgan, MN?
Morgan, MN reports an investability rating of 3.0/5, with median home values near $192K and average rents around $1,089/mo. That combination puts it in the resilient tier for investor interest.
You know 56266 now. You don’t know where it ranks.
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