Real Estate Investing in Foley, Minnesota (56329)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56329 (Foley, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Foley, MN (56329)?
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Market Analysis: 56329 Foley
ZIP 56329 in Foley, MN carries a healthy set of headwinds. Home values near $349K and rents of $1,368/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 56329 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 56329 offers a low basis, the region around Foley has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 56329 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 56329 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 Foley:
Property Strategy for 56329
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $261,975 | $1,520 | 4.2% | +8.8% | $130,987 |
| 3BR | $332,677 | $2,020 | 4.4% | +9.0% | $110,892 |
| 4BR | $358,630 | $2,270 | 4.6% | +8.0% | $89,657 |
| 5BR | $429,501 | — | — | +7.8% | $85,900 |
Market Trends
Home Value History (with trend line)
📊 How Does 56329 Compare?
| Metric | 56329 | Foley | Minnesota |
|---|---|---|---|
| Home Value | $348,896 | $348,896 | $340,597 |
| 5-Year CAGR | 7.0% | 7.0% | 4.9% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 56329 (Foley, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,896 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.1%). 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 56329
Population: 7,700
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 56329
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
Is real estate in Foley, MN a good investment right now?
Foley, MN reports an investability rating of 3.0/5, with median home values near $349K and average rents around $1,368/mo. That combination puts it in the impressive tier for investor interest.
How landlord-friendly is Foley, MN?
Foley, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What do landlords charge for rent in Foley, MN?
Rental rates in Foley, MN average $1,368/mo. Tenant demand and $349K home values make the yield look reasonable by investor standards.
How should investors approach Foley, MN?
The best-fit strategy in Foley, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical vacancy rate in Foley, MN?
Foley, MN carries elevated vacancy risk. Expect consistent absorption at market rents of $1,368/mo.
You know 56329 now. You don’t know where it ranks.
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