Real Estate Investing in Pierz, Minnesota (56364)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56364 (Pierz, 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 32.2 — 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 Pierz, MN (56364)?
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Market Analysis: 56364 Pierz
ZIP 56364 in Pierz, MN carries a sturdy set of headwinds. Home values near $359K and rents of $927/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 56364 can be a a strong candidate for hunting ground — but the discount at $359K reflects genuine risk that outside investors often underestimate.
The gap between 56364 and stronger Pierz ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 56364 ZIP's population of 5,797 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 56364 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 Pierz:
Property Strategy for 56364
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $295,143 | $1,030 | 2.5% | +9.7% | $147,571 |
| 3BR | $332,947 | $1,430 | 3.1% | +9.0% | $110,982 |
| 4BR | $366,742 | $1,540 | 3.0% | +8.6% | $91,685 |
| 5BR | $437,940 | — | — | +8.2% | $87,588 |
Market Trends
Home Value History (with trend line)
📊 How Does 56364 Compare?
| Metric | 56364 | Pierz | Minnesota |
|---|---|---|---|
| Home Value | $358,563 | $358,563 | $340,597 |
| 5-Year CAGR | 7.2% | 7.2% | 4.9% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 2.0% | 2.0% | - |
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 56364 (Pierz, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $358,563 |
| Monthly Rent | $927 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.0%). 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 56364
Population: 5,797
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 56364
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
Do landlords face vacancy issues in Pierz, MN?
Pierz, MN carries elevated vacancy risk. Expect consistent absorption at market rents of $927/mo.
What is the typical rental rate in Pierz, MN?
Rental rates in Pierz, MN average $927/mo. Tenant demand and $359K home values make the yield look reasonable by investor standards.
Which real estate strategy fits Pierz, MN?
A careful cash-flow rentals with hands-on management strategy Pierz, MN best. The market produces predictable results for that approach at the $359K price point.
How expensive is real estate in Pierz, MN?
Pierz, MN median home values land near $359K. That is reasonable territory for investors looking at $927/mo-per-month rentals.
Is real estate in Pierz, MN a good investment right now?
The 3.0/5 investability rating in Pierz, MN reflects its $359K prices and $927/mo rents. Investors generally consider it a solid option within MN.
You know 56364 now. You don’t know where it ranks.
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