Real Estate Investing in Pine River, Minnesota (56474)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56474 (Pine River, 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: 31.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.7 — 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 Pine River, MN (56474)?
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Market Analysis: 56474 Pine River
ZIP 56474 in Pine River, MN carries a significant set of headwinds. Home values near $290K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $290K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56474 sits below the stated 0.0% once reality is priced in.
Regionally, 56474 sits on the difficult end of the MN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 56474 ZIP's population of 4,471 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 56474 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 Pine River:
Property Strategy for 56474
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $230,978 | $970 | 3.0% | +9.4% | $115,489 |
| 3BR | $320,049 | $1,270 | 2.9% | +9.1% | $106,683 |
| 4BR | $374,873 | $1,570 | 3.0% | +9.0% | $93,718 |
Market Trends
Home Value History (with trend line)
📊 How Does 56474 Compare?
| Metric | 56474 | Pine River | Brainerd, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $289,885 | $289,885 | N/A | $340,597 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56474 (Pine River, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,885 |
| Monthly Rent | $873 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.4%). 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 56474
Population: 4,471
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 56474
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 Pine River in MN worth investing in?
With a 3.0/5 investability score, Pine River, MN ranks as a solid market for rental property investors. Median prices of $290K and rents of $873/mo drive the underlying numbers.
What are rental rates like in Pine River, MN?
Rent in Pine River, MN is around $873/mo. The resulting rent-to-value relationship with $290K pricing is reasonable for most investor models.
What is the typical vacancy rate in Pine River, MN?
Pine River, MN carries elevated vacancy risk. Expect even-keeled absorption at market rents of $873/mo.
Does house hacking work in Pine River, MN?
The house hack math a challenging in Pine River, MN. Owner-occupant buyers benefit from the $873/mo rents and $290K home values.
How much should I expect to pay for a home in Pine River, MN?
Median home price in Pine River, MN is near $290K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
You know 56474 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56474 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 56474 ranks in Brainerd, MN
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