Real Estate Investing in Belgrade, Minnesota (56312)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56312 (Belgrade, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.9 — 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 Belgrade, MN (56312)?
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Market Analysis: 56312 Belgrade
Investors eyeing 56312 need to respect the fundamentals at play. Home values of $335K come alongside slower price movement and elevated management overhead.
The investment case in 56312 is notable only for operators who understand what they are buying. A $335K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within MN, ZIP 56312 trails on several market indicators that neighboring Stearns submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 56312 includes headwinds that any investor should price in. Income distribution skews lower than Belgrade averages, and tenant stability requires active management.
The 56312 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 Belgrade:
Property Strategy for 56312
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,389 | $1,040 | 4.0% | +6.5% | $93,694 |
| 3BR | $296,428 | $1,360 | 3.3% | +8.1% | $98,809 |
| 4BR | $392,876 | $1,620 | 3.0% | +8.3% | $98,219 |
Market Trends
Home Value History (with trend line)
📊 How Does 56312 Compare?
| Metric | 56312 | Belgrade | Minnesota |
|---|---|---|---|
| Home Value | $335,271 | $335,271 | $340,597 |
| 5-Year CAGR | 5.1% | 5.1% | 4.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 56312 (Belgrade, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,271 |
| Monthly Rent | $936 |
| Price-to-Rent | 29.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 56312
Population: 2,224
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 56312
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 median home value in Belgrade, MN?
Homes in Belgrade, MN typically sell near $335K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How quickly do rentals get leased in Belgrade, MN?
Rental vacancy in Belgrade, MN is elevated. Investors should budget normal turnover but not chronic empty units.
How deep is the rental pool in Belgrade, MN?
The renter base in Belgrade, MN is reasonable for the $936/mo price point. Screening well and pricing to market typically yields stable tenants.
How much rent can I charge in Belgrade, MN?
Expect rents around $936/mo per month in Belgrade, MN. With home values at $335K, the yield math works out to reasonable levels for rental investors.
Can I live-in-and-rent in Belgrade, MN?
For house hackers, Belgrade, MN is a challenging. The $936/mo rent on a unit helps defray the mortgage on a $335K property.
You know 56312 now. You don’t know where it ranks.
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