Real Estate Investing in Upsala, Minnesota (56384)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56384 (Upsala, 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.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Upsala, MN (56384)?
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Market Analysis: 56384 Upsala
This part of Morrison County is not an easy win. The 56384 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56384 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MN picture, 56384 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 56384 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Upsala's stable or hybrid ZIPs before stepping into 56384. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Upsala:
Market Trends
Home Value History (with trend line)
📊 How Does 56384 Compare?
| Metric | 56384 | Upsala | Minnesota |
|---|---|---|---|
| Home Value | $209,940 | $209,940 | $340,597 |
| 5-Year CAGR | 5.6% | 5.6% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56384 (Upsala, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,940 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 56384
Population: 280
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 56384
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
Is Upsala, MN a smart market for rental property?
Upsala, MN reflects an investability rating of 3.0/5, with median home values near $210K and average rents around $873/mo. That combination puts it in the substantial tier for investor interest.
What are rental rates like in Upsala, MN?
Rents in Upsala, MN run near $873/mo. Compared with median home prices of $210K that produces solid gross yields for typical rentals.
How much should I expect to pay for a home in Upsala, MN?
Upsala, MN home values average about $210K. That price point suits investors targeting rentals with $873/mo in monthly income.
How high is vacancy risk in Upsala, MN?
Upsala, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
What does house hacking look like in Upsala, MN?
House hacking in Upsala, MN is reasonable to execute. Prices around $210K and rents of $873/mo solid owner-occupant economics.
You know 56384 now. You don’t know where it ranks.
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