Real Estate Investing in Barrett, Minnesota (56339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56339 (Barrett, 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 vacancy: 26.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Barrett, MN (56339)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56339 Barrett
Looking more closely, ZIP 56339 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $250K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 56339 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 56339 and stronger Barrett ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A substantial renter share of 21% in 56339 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 56339 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Barrett:
Market Trends
Home Value History (with trend line)
📊 How Does 56339 Compare?
| Metric | 56339 | Barrett | Alexandria, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $250,486 | $263,313 | N/A | $340,597 |
| 5-Year CAGR | 7.2% | 7.1% | N/A | 4.9% |
| Avg Rent | $873 | $1,094 | N/A | - |
| Cap Rate | 2.7% | 3.2% | - | - |
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 56339 (Barrett, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56339 (Barrett, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $250,486 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.7%). 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 56339
Population: 1,068
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
What price range are homes in Barrett, MN?
Homes in Barrett, MN typically sell near $250K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Can I house hack in Barrett, MN?
House hacking in Barrett, MN is a challenging. With home values around $250K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
What investment strategy works best in Barrett, MN?
A careful cash-flow rentals with hands-on management strategy Barrett, MN best. The market produces even-keeled results for that approach at the $250K price point.
Is Barrett, MN a friendly market for rental owners?
Barrett, MN operates under MN law, which is balanced overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How much do tenants pay in Barrett, MN?
Investors in Barrett, MN typically see rents near $873/mo per month against $250K home values - a solid setup for rental cash flow.
You know 56339 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56339 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 56339 ranks in Alexandria, MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 56339 (Barrett)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56339 (Barrett, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.