Real Estate Investing in Moorhead, Minnesota (56560)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56560 (Moorhead, 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.
No major risk flags on the data we track.
What’s happening in Moorhead, MN (56560)?
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Market Analysis: 56560 Moorhead
ZIP 56560 in Moorhead, MN carries a robust set of headwinds. Home values near $292K and rents of $1,241/mo sit inside a market where underwriting has to be tight.
Rent of $1,241/mo on a $292K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56560 sits below the stated 0.0% once reality is priced in.
Within MN, ZIP 56560 trails on several market indicators that neighboring Clay County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 56560 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 56560 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 Moorhead:
Property Strategy for 56560
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,179 | $1,170 | 4.0% | +4.5% | $105,089 |
| 3BR | $263,138 | $1,630 | 4.5% | +5.1% | $87,713 |
| 4BR | $318,936 | $1,960 | 4.4% | +5.5% | $79,734 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 56560 Compare?
| Metric | 56560 | Moorhead | Fargo, ND-MN | Minnesota |
|---|---|---|---|---|
| Home Value | $291,666 | $97,222 | N/A | $340,597 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,241 | $1,241 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 56560 (Moorhead, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $291,666 |
| Monthly Rent | $1,241 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 56560
Population: 44,156
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 56560
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 632 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Moorhead, MN?
Median home price in Moorhead, MN is near $292K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How strong is tenant demand in Moorhead, MN?
Moorhead, MN offers a stable renter base at the $1,241/mo rent level. Tenant turnover is reasonable for well-managed properties.
What monthly rent should investors expect in Moorhead, MN?
The typical rental in Moorhead, MN commands about $1,241/mo monthly. That rent profile reliable cash flow against the $292K purchase basis.
Is MN a landlord-friendly state?
Rental owners in Moorhead, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
Is Moorhead, MN good for house hacking?
The a challenging house-hack environment in Moorhead, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 56560 now. You don’t know where it ranks.
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How 56560 ranks in Fargo, ND-MN
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