Real Estate Investing in Longville, Minnesota (56655)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56655 (Longville, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 62.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.5 — 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 Longville, MN (56655)?
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Market Analysis: 56655 Longville
ZIP 56655 in Longville, MN carries a healthy set of headwinds. Home values near $383K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $383K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56655 sits below the stated 0.0% once reality is priced in.
In the broader MN picture, 56655 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 56655 includes headwinds that any investor should price in. Income distribution skews lower than Longville averages, and tenant stability requires active management.
Strategy in 56655 is an operator game, not a passive one. From a cash-flow lens, entry prices of $383K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Longville:
Property Strategy for 56655
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $350,195 | $970 | 2.0% | +9.6% | $175,098 |
| 3BR | $482,132 | $1,300 | 1.9% | +9.1% | $160,711 |
| 4BR | $583,218 | $1,640 | 2.0% | +9.9% | $145,805 |
Market Trends
Home Value History (with trend line)
📊 How Does 56655 Compare?
| Metric | 56655 | Longville | Brainerd, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $382,601 | $382,601 | N/A | $340,597 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56655 (Longville, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $382,601 |
| Monthly Rent | $873 |
| Price-to-Rent | 36.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (1.8%). 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 56655
Population: 1,328
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
What is the average home sale price in Longville, MN?
Longville, MN median home values land near $383K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
What are vacancy rates like in Longville, MN?
Longville, MN carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.
What is the tenant pool like in Longville, MN?
Working renters make up the core of the Longville, MN tenant base. The pool is reasonable for investors targeting long-term holds.
Does house hacking make sense in Longville, MN?
For house hackers, Longville, MN is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $383K property.
What approach is best for Longville, MN real estate?
Longville, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($383K prices, $873/mo rents) make it a reasonable choice.
You know 56655 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56655 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 56655 ranks in Brainerd, MN
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