Real Estate Investing in Starbuck, Minnesota (56381)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56381 (Starbuck, 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: 25.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.5 — 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 Starbuck, MN (56381)?
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Market Analysis: 56381 Starbuck
The 56381 ZIP in Starbuck, MN is a local-operator market. Outside capital chasing a $332K entry has to pair deep knowledge with the discount.
The 56381 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 56381's metrics run below Pope County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 56381 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 56381 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Starbuck:
Market Trends
Home Value History (with trend line)
📊 How Does 56381 Compare?
| Metric | 56381 | Starbuck | Minnesota |
|---|---|---|---|
| Home Value | $332,071 | $332,071 | $340,597 |
| 5-Year CAGR | 5.2% | 5.2% | 4.9% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56381 (Starbuck, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $332,071 |
| Monthly Rent | $972 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.3%). 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 56381
Population: 2,371
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 56381
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
What kind of market is Starbuck, MN for investors?
Yes - Starbuck, MN a 3.0/5 investability score. With $332K home prices against $972/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is vacancy a concern in Starbuck, MN?
Starbuck, MN carries elevated vacancy risk. Expect reliable absorption at market rents of $972/mo.
What is the typical home price in Starbuck, MN?
Typical homes in Starbuck, MN go for around $332K. The 5-year CAGR of 0.0% reliable price movement.
Are landlord laws favorable in Starbuck, MN?
The landlord environment in Starbuck, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
How much do tenants pay in Starbuck, MN?
Starbuck, MN rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $332K acquisition costs.
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