Real Estate Investing in Barnesville, Minnesota (56514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56514 (Barnesville, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.4 — 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 Barnesville, MN (56514)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56514 Barnesville
The 56514 ZIP in Barnesville, MN is a local-operator market. Outside capital chasing a $310K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 56514 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 56514's metrics run below Clay County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 56514 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 56514 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 Barnesville:
Market Trends
Home Value History (with trend line)
📊 How Does 56514 Compare?
| Metric | 56514 | Barnesville | Fargo, ND-MN | Minnesota |
|---|---|---|---|---|
| Home Value | $309,686 | $309,686 | N/A | $340,597 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 4.9% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56514 (Barnesville, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56514 (Barnesville, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $309,686 |
| Monthly Rent | $909 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (2.3%). 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 56514
Population: 4,055
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 56514
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
Should investors consider Barnesville, MN?
Investors tracking Barnesville, MN will find a 3.0/5 rating supported by $310K median home values and $909/mo rents. That profile suits long-term holders targeting consistent returns.
How strict are landlord regulations in Barnesville, MN?
MN law balanced for landlords, and Barnesville inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Barnesville, MN?
Barnesville, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
Does a duplex house hack pencil in Barnesville, MN?
Barnesville, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $909/mo rent level.
Which real estate strategy fits Barnesville, MN?
Most investors in Barnesville, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 56514 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56514 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 56514 ranks in Fargo, ND-MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 56514 (Barnesville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56514 (Barnesville, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.