Real Estate Investing in Randall, Minnesota (56475)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56475 (Randall, 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: 13.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.0 — 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 Randall, MN (56475)?
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Market Analysis: 56475 Randall
In practical terms, ZIP 56475 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $262K median. It rewards specialists, not generalists.
The 56475 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader MN picture, 56475 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 11% in 56475 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 56475 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 Randall:
Property Strategy for 56475
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $274,557 | $1,350 | 3.5% | +8.7% | $91,519 |
| 4BR | $320,920 | $1,450 | 3.3% | +8.4% | $80,230 |
Market Trends
Home Value History (with trend line)
📊 How Does 56475 Compare?
| Metric | 56475 | Randall | Minnesota |
|---|---|---|---|
| Home Value | $262,124 | $262,124 | $340,597 |
| 5-Year CAGR | 6.6% | 6.6% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56475 (Randall, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,124 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 56475
Population: 1,674
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 56475
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
What kind of vacancy should I budget for in Randall, MN?
Expect elevated vacancy in Randall, MN. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Which real estate strategy fits Randall, MN?
For Randall, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical rental rate in Randall, MN?
Expect rents around $873/mo per month in Randall, MN. With home values at $262K, the yield math works out to reasonable levels for rental investors.
Is Randall, MN good for landlords?
Randall, MN operates under MN law, which is balanced overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is Randall, MN a good place for real estate investing?
With a 3.0/5 investability score, Randall, MN ranks as a solid market for rental property investors. Median prices of $262K and rents of $873/mo drive the underlying numbers.
You know 56475 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56475 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.
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