Real Estate Investing in Eagle Bend, Minnesota (56446)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56446 (Eagle Bend, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eagle Bend, MN (56446)?
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Market Analysis: 56446 Eagle Bend
ZIP 56446 in Eagle Bend, MN carries a durable set of headwinds. Home values near $254K and rents of $873/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $254K asset, 56446 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 56446 sits on the difficult end of the MN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 56446 includes headwinds that any investor should price in. Income distribution skews lower than Eagle Bend averages, and tenant stability requires active management.
The 56446 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Eagle Bend:
Market Trends
Home Value History (with trend line)
📊 How Does 56446 Compare?
| Metric | 56446 | Eagle Bend | Fergus Falls, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $253,822 | $253,822 | N/A | $340,597 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56446 (Eagle Bend, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,822 |
| Monthly Rent | $873 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (2.7%). 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 56446
Population: 1,502
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
Is Eagle Bend, MN landlord-friendly?
Eagle Bend, MN operates under MN law, which is balanced overall for landlords. Expect measured treatment in typical lease and eviction cases.
What is the tenant pool like in Eagle Bend, MN?
Eagle Bend, MN offers a predictable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much does a house cost in Eagle Bend, MN?
Eagle Bend, MN median home values land near $254K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
Is Eagle Bend, MN a good market for FHA house hackers?
The a challenging house-hack environment in Eagle Bend, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How quickly do rentals get leased in Eagle Bend, MN?
Occupancy in Eagle Bend, MN runs stable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
You know 56446 now. You don’t know where it ranks.
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How 56446 ranks in Fergus Falls, MN
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