Real Estate Investing in Winger, Minnesota (56592)
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Should you buy in 56592 (Winger, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.4% 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 Winger, MN (56592)?
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Market Analysis: 56592 Winger
The 56592 ZIP covers a section of Winger that demands careful diligence. Prices near $202K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56592 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 56592's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 56592 includes headwinds that any investor should price in. Income distribution skews lower than Winger averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 56592 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Winger:
Market Trends
Home Value History (with trend line)
📊 How Does 56592 Compare?
| Metric | 56592 | Winger | Grand Forks, ND-MN | Minnesota |
|---|---|---|---|---|
| Home Value | $202,004 | $202,004 | N/A | $340,597 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56592 (Winger, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,004 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +15.9% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (3.4%). 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 56592
Population: 572
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 much is rent in Winger, MN?
Average rent in Winger, MN is approximately $873/mo per month. Against $202K home values that yields a reasonable rent-to-price ratio.
How deep is the rental pool in Winger, MN?
Working renters make up the core of the Winger, MN tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in Winger, MN?
The landlord environment in Winger, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
Can I live-in-and-rent in Winger, MN?
Winger, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
How much does a house cost in Winger, MN?
Median home price in Winger, MN is near $202K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 56592 now. You don’t know where it ranks.
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How 56592 ranks in Grand Forks, ND-MN
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