Real Estate Investing in Ashby, Minnesota (56309)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56309 (Ashby, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 29.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.8 — 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 Ashby, MN (56309)?
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Market Analysis: 56309 Ashby
Not every below-median market is a bargain. Ashby's 56309 ZIP reflects signals that favor experienced operators who can absorb the risk $328K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 56309 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MN, ZIP 56309 trails on several market indicators that neighboring Grant County submarkets outperform. The gap is real and significant enough to shape underwriting.
In practical terms, 1,456 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.
New investors are better served looking at Ashby's stable or hybrid ZIPs before stepping into 56309. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Ashby:
Market Trends
Home Value History (with trend line)
📊 How Does 56309 Compare?
| Metric | 56309 | Ashby | Fergus Falls, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $327,901 | $327,901 | N/A | $340,597 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 4.9% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56309 (Ashby, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,901 |
| Monthly Rent | $918 |
| Price-to-Rent | 29.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.2%). 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 56309
Population: 1,456
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 56309
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
How expensive is real estate in Ashby, MN?
Ashby, MN median home values land near $328K. That is reasonable territory for investors looking at $918/mo-per-month rentals.
How do landlord-tenant laws work in Ashby, MN?
Ashby, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Which real estate strategy fits Ashby, MN?
A careful cash-flow rentals with hands-on management strategy Ashby, MN best. The market produces steady results for that approach at the $328K price point.
How does Ashby, MN rate as a rental market?
With a 3.0/5 investability score, Ashby, MN ranks as a solid market for rental property investors. Median prices of $328K and rents of $918/mo drive the underlying numbers.
How strong are rents in Ashby, MN?
Average rent in Ashby, MN is approximately $918/mo per month. Against $328K home values that yields a reasonable rent-to-price ratio.
You know 56309 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56309 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.
How 56309 ranks in Fergus Falls, MN
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