Real Estate Investing in Oak Park, Minnesota (56357)
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Should you buy in 56357 (Oak Park, 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.
- High price-to-rent: Price-to-rent ratio 29.9 — 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 Oak Park, MN (56357)?
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Market Analysis: 56357 Oak Park
The 56357 ZIP covers a section of Oak Park that demands careful diligence. Prices near $410K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $410K asset, 56357 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Oak Park have seen price recovery that 56357 has not matched. Benton County data supports the view that the spread is structural rather than temporary.
A notable renter share of 4% in 56357 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 56357 is an operator game, not a passive one. Put differently, entry prices of $410K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oak Park:
Market Trends
Home Value History (with trend line)
📊 How Does 56357 Compare?
| Metric | 56357 | Oak Park | St. Cloud, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $409,905 | $409,905 | N/A | $340,597 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 4.9% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56357 (Oak Park, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $409,905 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 29.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.2%). 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 56357
Population: 1,192
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
Where do home prices stand in Oak Park, MN?
In Oak Park, MN the median home value sits at $410K. Against the broader MN market, that reads as reasonable for most investors.
Is it easy to find good tenants in Oak Park, MN?
Oak Park, MN draws a even-keeled base of working renters. Demand at the $1,143/mo rent level is reasonable for standard single-family and small multi rentals.
What does house hacking look like in Oak Park, MN?
Oak Park, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,143/mo rent level.
How landlord-friendly is Oak Park, MN?
Oak Park, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What is the typical vacancy rate in Oak Park, MN?
Vacancy risk in Oak Park, MN is elevated. That supports measured cash flow for typical rental holds.
You know 56357 now. You don’t know where it ranks.
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How 56357 ranks in St. Cloud, MN
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