Real Estate Investing in Albany, Minnesota (56307)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56307 (Albany, 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 price-to-rent: Price-to-rent ratio 31.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Albany, MN (56307)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56307 Albany
ZIP 56307 in Albany, MN carries a healthy set of headwinds. Home values near $356K and rents of $936/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 56307 can be a a strong candidate for hunting ground — but the discount at $356K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 56307 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 56307 ZIP's population of 5,227 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 56307 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Albany:
Property Strategy for 56307
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,159 | $1,040 | 2.8% | +6.2% | $132,080 |
| 3BR | $326,466 | $1,360 | 3.0% | +7.0% | $108,822 |
| 4BR | $393,304 | $1,620 | 3.0% | +7.3% | $98,326 |
| 5BR | $459,073 | — | — | +6.8% | $91,815 |
Market Trends
Home Value History (with trend line)
📊 How Does 56307 Compare?
| Metric | 56307 | Albany | Minnesota |
|---|---|---|---|
| Home Value | $356,209 | $356,209 | $340,597 |
| 5-Year CAGR | 4.8% | 4.8% | 4.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 56307 (Albany, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56307 (Albany, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $356,209 |
| Monthly Rent | $936 |
| Price-to-Rent | 31.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.1%). 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 56307
Population: 5,227
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 56307
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 is the median home value in Albany, MN?
Median home price in Albany, MN is near $356K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What kind of market is Albany, MN for investors?
With a 3.0/5 investability score, Albany, MN ranks as a solid market for rental property investors. Median prices of $356K and rents of $936/mo drive the underlying numbers.
What is the typical vacancy rate in Albany, MN?
Vacancy risk in Albany, MN is elevated. That supports predictable cash flow for typical rental holds.
Is Albany, MN a friendly market for rental owners?
Landlord-friendliness in Albany, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical renter like in Albany, MN?
Expect a solid tenant pool in Albany, MN. The rental market absorbs $936/mo rents without meaningful friction.
You know 56307 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56307 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 56307 (Albany)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56307 (Albany, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.