Real Estate Investing in Baudette, Minnesota (56623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56623 (Baudette, 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: 39.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Baudette, MN (56623)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56623 Baudette
The 56623 ZIP covers a section of Baudette that demands careful diligence. Prices near $227K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 56623 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 56623 and stronger Baudette ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 56623 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 56623 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 Baudette:
Market Trends
Home Value History (with trend line)
📊 How Does 56623 Compare?
| Metric | 56623 | Baudette | Minnesota |
|---|---|---|---|
| Home Value | $227,263 | $227,263 | $340,597 |
| 5-Year CAGR | 4.6% | 4.6% | 4.9% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56623 (Baudette, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,263 |
| Monthly Rent | $900 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.1%). 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 56623
Population: 2,684
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 56623
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 do landlords charge for rent in Baudette, MN?
The typical rental in Baudette, MN commands about $900/mo monthly. That rent profile measured cash flow against the $227K purchase basis.
Are tenants stable in Baudette, MN?
Expect a solid tenant pool in Baudette, MN. The rental market absorbs $900/mo rents without meaningful friction.
Does house hacking make sense in Baudette, MN?
For house hackers, Baudette, MN is a challenging. The $900/mo rent on a unit helps defray the mortgage on a $227K property.
What is it like being a landlord in Baudette, MN?
Landlord-friendliness in Baudette, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do home prices stand in Baudette, MN?
Expect median prices around $227K in Baudette, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
You know 56623 now. You don’t know where it ranks.
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