Real Estate Investing in Emily, Minnesota (56447)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56447 (Emily, 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: 68.2% of homes vacant — above national norms.
• 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 Emily, MN (56447)?
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Market Analysis: 56447 Emily
ZIP 56447 inside Crow Wing County looks affordable on the surface — median value of $389K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $389K asset, 56447 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 56447 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 56447 ZIP's population of 832 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 56447 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Emily:
Property Strategy for 56447
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $324,472 | $1,620 | 3.6% | — | $162,236 |
| 3BR | $426,082 | $1,950 | 3.3% | +9.4% | $142,027 |
Market Trends
Home Value History (with trend line)
📊 How Does 56447 Compare?
| Metric | 56447 | Emily | Brainerd, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $388,928 | $388,928 | N/A | $340,597 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 4.9% |
| Avg Rent | $1,458 | $1,458 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56447 (Emily, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,928 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.9%). 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 56447
Population: 832
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 strong are rents in Emily, MN?
Rental rates in Emily, MN average $1,458/mo. Tenant demand and $389K home values make the yield look reasonable by investor standards.
Is Emily, MN good for landlords?
MN ranks as a balanced state for landlord-tenant law. Emily generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is Emily, MN for real estate investors?
The 3.0/5 investability rating in Emily, MN reflects its $389K prices and $1,458/mo rents. Investors generally consider it a solid option within MN.
Which real estate strategy fits Emily, MN?
A careful cash-flow rentals with hands-on management strategy Emily, MN best. The market produces measured results for that approach at the $389K price point.
How quickly do rentals get leased in Emily, MN?
Rental vacancy in Emily, MN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 56447 now. You don’t know where it ranks.
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How 56447 ranks in Brainerd, MN
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