Real Estate Investing in Renville, Minnesota (56284)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56284 (Renville, 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.
- High vacancy: 19.4% 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 Renville, MN (56284)?
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Market Analysis: 56284 Renville
The 56284 ZIP covers a section of Renville that demands careful diligence. Prices near $206K look accessible, but the work to make a deal cash flow is real.
Rent of $882/mo on a $206K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56284 sits below the stated 0.0% once reality is priced in.
ZIP 56284's metrics run below Renville County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 2,099 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 56284 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 Renville:
Market Trends
Home Value History (with trend line)
📊 How Does 56284 Compare?
| Metric | 56284 | Renville | Willmar, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $205,940 | $205,940 | N/A | $340,597 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 4.9% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56284 (Renville, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,940 |
| Monthly Rent | $882 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.3%). 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 56284
Population: 2,099
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 56284
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 homes affordable in Renville, MN?
Expect median prices around $206K in Renville, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What investment strategy works best in Renville, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Renville, MN. With home values at $206K and rents near $882/mo, other strategies can work but produce consistent rather than outsized returns.
Is it easy to find good tenants in Renville, MN?
Renville, MN offers a measured renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is vacancy a concern in Renville, MN?
Occupancy in Renville, MN runs reliable with elevated vacancy. Well-priced units at $882/mo lease on reasonable timelines.
Does house hacking work in Renville, MN?
For house hackers, Renville, MN is a challenging. The $882/mo rent on a unit helps defray the mortgage on a $206K property.
You know 56284 now. You don’t know where it ranks.
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How 56284 ranks in Willmar, MN
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