Real Estate Investing in Roosevelt, Minnesota (56673)
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Should you buy in 56673 (Roosevelt, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 62.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
• 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 Roosevelt, MN (56673)?
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Market Analysis: 56673 Roosevelt
This part of Roseau County is not an easy win. The 56673 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 56673 can be a worth a close look for hunting ground — but the discount at $187K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 56673 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 56673 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 56673 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Roosevelt:
Market Trends
Home Value History (with trend line)
📊 How Does 56673 Compare?
| Metric | 56673 | Roosevelt | Minnesota |
|---|---|---|---|
| Home Value | $186,600 | $186,600 | $340,597 |
| 5-Year CAGR | 1.3% | 1.3% | 4.9% |
| Avg Rent | $1,170 | $1,170 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56673 (Roosevelt, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,600 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | -3.0% ▼ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (4.9%). 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 56673
Population: 608
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
How does Roosevelt, MN rate as a rental market?
Our data puts Roosevelt, MN at 3.0/5 for investability. Home prices of $187K and rents around $1,170/mo create a solid backdrop for investor activity.
Is vacancy a concern in Roosevelt, MN?
Roosevelt, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much rent can I charge in Roosevelt, MN?
Average rent in Roosevelt, MN is approximately $1,170/mo per month. Against $187K home values that yields a reasonable rent-to-price ratio.
Which real estate strategy fits Roosevelt, MN?
For Roosevelt, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical renter like in Roosevelt, MN?
The renter base in Roosevelt, MN is reasonable for the $1,170/mo price point. Screening well and pricing to market typically yields consistent tenants.
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