Real Estate Investing in Clearbrook, Minnesota (56634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56634 (Clearbrook, 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: 23.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clearbrook, MN (56634)?
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Market Analysis: 56634 Clearbrook
The 56634 ZIP in Clearbrook, MN is a local-operator market. Outside capital chasing a $272K entry has to pair deep knowledge with the discount.
For an experienced owner, 56634 can be a a strong candidate for hunting ground — but the discount at $272K reflects genuine risk that outside investors often underestimate.
Within MN, ZIP 56634 trails on several market indicators that neighboring Clearwater County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A robust renter share of 22% in 56634 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Clearbrook's stable or hybrid ZIPs before stepping into 56634. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clearbrook:
Market Trends
Home Value History (with trend line)
📊 How Does 56634 Compare?
| Metric | 56634 | Clearbrook | Minnesota |
|---|---|---|---|
| Home Value | $272,318 | $272,318 | $340,597 |
| 5-Year CAGR | 7.5% | 7.5% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56634 (Clearbrook, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $272,318 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +15.6% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.5%). 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 56634
Population: 1,786
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 56634
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
Which investment style suits Clearbrook, MN?
In Clearbrook, MN the robust play is typically careful cash-flow rentals with hands-on management. The combination of $272K prices and $873/mo rents suits that approach.
What do rentals go for in Clearbrook, MN?
Clearbrook, MN rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $272K acquisition costs.
Do rentals sit vacant long in Clearbrook, MN?
Occupancy in Clearbrook, MN runs predictable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
Does house hacking make sense in Clearbrook, MN?
For house hackers, Clearbrook, MN is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $272K property.
Are renters plentiful in Clearbrook, MN?
The tenant pool in Clearbrook, MN is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
You know 56634 now. You don’t know where it ranks.
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