Real Estate Investing in Clarissa, Minnesota (56440)
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Should you buy in 56440 (Clarissa, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clarissa, MN (56440)?
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Market Analysis: 56440 Clarissa
The 56440 ZIP covers a section of Clarissa that demands careful diligence. Prices near $228K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56440 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within MN, ZIP 56440 trails on several market indicators that neighboring Todd County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 56440 includes headwinds that any investor should price in. Income distribution skews lower than Clarissa averages, and tenant stability requires active management.
Strategy in 56440 is an operator game, not a passive one. Turning to rents, entry prices of $228K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Clarissa:
Market Trends
Home Value History (with trend line)
📊 How Does 56440 Compare?
| Metric | 56440 | Clarissa | Minnesota |
|---|---|---|---|
| Home Value | $228,248 | $228,248 | $340,597 |
| 5-Year CAGR | 7.2% | 7.2% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56440 (Clarissa, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,248 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.0%). 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 56440
Population: 1,469
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
How does Clarissa, MN rate as a rental market?
Yes - Clarissa, MN a 3.0/5 investability score. With $228K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Clarissa, MN?
Clarissa, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
What monthly rent should investors expect in Clarissa, MN?
Rent in Clarissa, MN is around $873/mo. The resulting rent-to-value relationship with $228K pricing is reasonable for most investor models.
Can owner-occupants cash flow in Clarissa, MN?
For house hackers, Clarissa, MN is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $228K property.
Are eviction rules reasonable in Clarissa, MN?
The landlord environment in Clarissa, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
You know 56440 now. You don’t know where it ranks.
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