Real Estate Investing in Saint Joseph, Minnesota (56374)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56374 (Saint Joseph, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Saint Joseph, MN (56374)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56374 Saint Joseph
The 56374 ZIP in Saint Joseph, MN is a local-operator market. Outside capital chasing a $337K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $337K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56374 is substantial and deserves full respect.
ZIP 56374's metrics run below Stearns County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 56374 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Joseph:
Property Strategy for 56374
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,215 | $1,290 | 3.2% | +7.0% | $143,608 |
| 3BR | $307,563 | $1,720 | 4.0% | +7.2% | $102,521 |
| 4BR | $350,290 | $2,000 | 4.1% | +7.1% | $87,572 |
| 5BR | $420,399 | — | — | +6.7% | $84,080 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 56374 Compare?
| Metric | 56374 | Saint Joseph | St. Cloud, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $337,239 | $337,239 | N/A | $340,597 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 4.9% |
| Avg Rent | $2,008 | $2,008 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 56374 (Saint Joseph, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $337,239 |
| Monthly Rent | $2,008 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.7%). 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 56374
Population: 10,020
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 56374
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
Investor Insight: With 2,927 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can I live-in-and-rent in Saint Joseph, MN?
Saint Joseph, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $337K price point reasonable to enter.
What is the tenant pool like in Saint Joseph, MN?
Working renters make up the core of the Saint Joseph, MN tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical home price in Saint Joseph, MN?
Median home price in Saint Joseph, MN is near $337K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is it like being a landlord in Saint Joseph, MN?
Landlord-friendliness in Saint Joseph, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What do rentals go for in Saint Joseph, MN?
Saint Joseph, MN rentals go for roughly $2,008/mo a month. That puts gross yield in solid territory relative to $337K acquisition costs.
You know 56374 now. You don’t know where it ranks.
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How 56374 ranks in St. Cloud, MN
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