Real Estate Investing in Elizabeth, Minnesota (56533)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56533 (Elizabeth, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.6% 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 Elizabeth, MN (56533)?
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Market Analysis: 56533 Elizabeth
Investors eyeing 56533 need to respect the fundamentals at play. Home values of $221K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $221K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56533 is substantial and deserves full respect.
In the broader MN picture, 56533 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 333 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 56533 is an operator game, not a passive one. In practical terms, entry prices of $221K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elizabeth:
Market Trends
Home Value History (with trend line)
📊 How Does 56533 Compare?
| Metric | 56533 | Elizabeth | Fergus Falls, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $221,369 | $221,369 | N/A | $340,597 |
| 5-Year CAGR | N/A | N/A | N/A | 4.9% |
| Avg Rent | $1,152 | $1,152 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56533 (Elizabeth, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,369 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | N/A |
| 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 (4.1%). 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 56533
Population: 333
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,669 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Elizabeth, MN for investors?
Elizabeth, MN scores 2.0/5 for investability. Home values sit at $221K and rents near $1,152/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How should investors approach Elizabeth, MN?
A careful cash-flow rentals with hands-on management strategy Elizabeth, MN best. The market produces even-keeled results for that approach at the $221K price point.
How much is rent in Elizabeth, MN?
Average rent in Elizabeth, MN is approximately $1,152/mo per month. Against $221K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Elizabeth, MN?
The renter base in Elizabeth, MN is reasonable for the $1,152/mo price point. Screening well and pricing to market typically yields consistent tenants.
What is the rental occupancy rate in Elizabeth, MN?
Rental vacancy in Elizabeth, MN is elevated. Investors should budget normal turnover but not chronic empty units.
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