Real Estate Investing in Miltona, Minnesota (56354)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56354 (Miltona, 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: 46.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.2 — 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 Miltona, MN (56354)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56354 Miltona
Investors eyeing 56354 need to respect the fundamentals at play. Home values of $369K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $369K asset, 56354 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 56354 sits on the difficult end of the MN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A sturdy renter share of 10% in 56354 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 56354 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Miltona:
Market Trends
Home Value History (with trend line)
📊 How Does 56354 Compare?
| Metric | 56354 | Miltona | Alexandria, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $368,699 | $368,699 | N/A | $340,597 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 56354 (Miltona, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56354 (Miltona, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $368,699 |
| Monthly Rent | $873 |
| Price-to-Rent | 35.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 56354
Population: 1,372
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 56354
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 2,415 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Miltona, MN?
Miltona, MN home values average about $369K. That price point suits investors targeting rentals with $873/mo in monthly income.
Is Miltona, MN a good market for FHA house hackers?
For house hackers, Miltona, MN is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $369K property.
How does Miltona, MN stack up for property investment?
Miltona, MN rates 3.0/5 for investability. With median values at $369K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Miltona, MN?
Investors in Miltona, MN typically see rents near $873/mo per month against $369K home values - a solid setup for rental cash flow.
How strict are landlord regulations in Miltona, MN?
MN ranks as a balanced state for landlord-tenant law. Miltona generally follows the statewide framework, so landlords face reasonable operating rules.
You know 56354 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56354 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 56354 ranks in Alexandria, MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 56354 (Miltona)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56354 (Miltona, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.