Real Estate Investing in Shevlin, Minnesota (56676)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56676 (Shevlin, 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: 32.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shevlin, MN (56676)?
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Market Analysis: 56676 Shevlin
Put differently, ZIP 56676 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $256K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $256K purchase price, 0.0% nominal cap — the work to hit that pro forma in 56676 is substantial and deserves full respect.
Nearby ZIPs in Shevlin have seen price recovery that 56676 has not matched. Clearwater County data supports the view that the spread is structural rather than temporary.
The demographic picture in 56676 includes headwinds that any investor should price in. Income distribution skews lower than Shevlin averages, and tenant stability requires active management.
Strategically, 56676 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Shevlin:
Market Trends
Home Value History (with trend line)
📊 How Does 56676 Compare?
| Metric | 56676 | Shevlin | Bemidji, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $256,289 | $256,289 | N/A | $340,597 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 4.9% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56676 (Shevlin, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,289 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.3%). 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 56676
Population: 1,812
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 strong is Shevlin, MN for real estate investors?
Investors tracking Shevlin, MN will find a 3.0/5 rating supported by $256K median home values and $1,080/mo rents. That profile suits long-term holders targeting predictable returns.
What real estate strategy is ideal for Shevlin, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Shevlin, MN. The numbers - $256K homes against $1,080/mo rents - support that play.
What is the typical rental rate in Shevlin, MN?
Expect rents around $1,080/mo per month in Shevlin, MN. With home values at $256K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Shevlin, MN?
The renter base in Shevlin, MN is reasonable for the $1,080/mo price point. Screening well and pricing to market typically yields reliable tenants.
How much should I expect to pay for a home in Shevlin, MN?
Shevlin, MN home values average about $256K. That price point suits investors targeting rentals with $1,080/mo in monthly income.
You know 56676 now. You don’t know where it ranks.
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