Real Estate Investing in Cass Lake, Minnesota (56633)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56633 (Cass Lake, 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: 38.4% of homes vacant — above national norms.
- Higher unemployment: 9.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cass Lake, MN (56633)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56633 Cass Lake
The 56633 ZIP in Cass Lake, MN is a local-operator market. Outside capital chasing a $242K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 56633 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 56633 sits on the difficult end of the MN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 56633 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Cass Lake's stable or hybrid ZIPs before stepping into 56633. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cass Lake:
Property Strategy for 56633
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $218,799 | $1,060 | 3.5% | +7.1% | $109,399 |
| 3BR | $282,309 | $1,400 | 3.6% | +8.4% | $94,103 |
| 4BR | $353,064 | $1,740 | 3.5% | +9.0% | $88,266 |
Market Trends
Home Value History (with trend line)
📊 How Does 56633 Compare?
| Metric | 56633 | Cass Lake | Brainerd, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $241,801 | $241,801 | N/A | $340,597 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 56633 (Cass Lake, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,801 |
| Monthly Rent | $954 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 56633
Population: 4,863
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 56633
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
Frequently Asked Questions
How much should I expect to pay for a home in Cass Lake, MN?
Cass Lake, MN median home values land near $242K. That is reasonable territory for investors looking at $954/mo-per-month rentals.
Is MN a landlord-friendly state?
MN law balanced for landlords, and Cass Lake inherits those rules. Investors should still review local ordinances for rental licensing.
Which investment style suits Cass Lake, MN?
Most investors in Cass Lake, 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.
Is real estate in Cass Lake, MN a good investment right now?
Our data puts Cass Lake, MN at 3.0/5 for investability. Home prices of $242K and rents around $954/mo create a solid backdrop for investor activity.
Are renters plentiful in Cass Lake, MN?
The tenant pool in Cass Lake, MN is solid, supported by local employment and population fundamentals. Rents of $954/mo are well-absorbed by the market.
You know 56633 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56633 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 56633 ranks in Brainerd, MN
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