Real Estate Investing in Hines, Minnesota (56647)
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Should you buy in 56647 (Hines, 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: 31.4% 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 Hines, MN (56647)?
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Market Analysis: 56647 Hines
Investors eyeing 56647 need to respect the fundamentals at play. Home values of $257K come alongside slower price movement and elevated management overhead.
Rent of $891/mo on a $257K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56647 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 56647 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Put differently, 759 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 56647 is an operator game, not a passive one. Turning to rents, entry prices of $257K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hines:
Market Trends
Home Value History (with trend line)
📊 How Does 56647 Compare?
| Metric | 56647 | Hines | Minnesota |
|---|---|---|---|
| Home Value | $256,659 | $256,659 | $340,597 |
| 5-Year CAGR | 7.6% | 7.6% | 4.9% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56647 (Hines, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,659 |
| Monthly Rent | $891 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (2.7%). 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 56647
Population: 759
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
Frequently Asked Questions
Are homes affordable in Hines, MN?
Expect median prices around $257K in Hines, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What are vacancy rates like in Hines, MN?
Vacancy risk in Hines, MN is elevated. That supports even-keeled cash flow for typical rental holds.
Is Hines in MN worth investing in?
Hines, MN scores 3.0/5 for investability. Home values sit at $257K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Hines, MN landlord-friendly?
Landlord-friendliness in Hines, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong is the working-renter base in Hines, MN?
Hines, MN offers a stable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
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