Real Estate Investing in Freeport, Minnesota (56331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56331 (Freeport, 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 33.4 — 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 Freeport, MN (56331)?
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Market Analysis: 56331 Freeport
On balance, ZIP 56331 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $383K median. It rewards specialists, not generalists.
Looking more closely, the numbers look inviting — $383K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56331 is substantial and deserves full respect.
Regionally, 56331 sits on the difficult end of the MN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 56331 includes headwinds that any investor should price in. Income distribution skews lower than Freeport averages, and tenant stability requires active management.
New investors are better served looking at Freeport's stable or hybrid ZIPs before stepping into 56331. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Freeport:
Property Strategy for 56331
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $276,983 | $1,060 | 2.8% | +7.4% | $138,491 |
| 3BR | $343,242 | $1,410 | 3.0% | +7.9% | $114,414 |
| 4BR | $442,904 | $1,640 | 2.7% | +9.3% | $110,726 |
Market Trends
Home Value History (with trend line)
📊 How Does 56331 Compare?
| Metric | 56331 | Freeport | St. Cloud, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $382,683 | $382,683 | N/A | $340,597 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56331 (Freeport, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $382,683 |
| Monthly Rent | $954 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.9%). 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 56331
Population: 2,176
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
Frequently Asked Questions
Which investment style suits Freeport, MN?
Freeport, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($383K prices, $954/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Freeport, MN?
Working renters make up the core of the Freeport, MN tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Freeport, MN?
MN law balanced for landlords, and Freeport inherits those rules. Investors should still review local ordinances for rental licensing.
Is house hacking profitable in Freeport, MN?
House hacking in Freeport, MN is a challenging. With home values around $383K and rents at $954/mo, owner-occupants can offset a meaningful share of PITI.
What is the average home sale price in Freeport, MN?
The median home value in Freeport, MN is roughly $383K. That puts it reasonable relative to the MN statewide average.
You know 56331 now. You don’t know where it ranks.
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How 56331 ranks in St. Cloud, MN
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