Real Estate Investing in Solway, Minnesota (56678)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56678 (Solway, 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: 18.6% 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 Solway, MN (56678)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56678 Solway
Meanwhile, ZIP 56678 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $264K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 56678 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MN, ZIP 56678 trails on several market indicators that neighboring Beltrami submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 56678 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 56678 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 Solway:
Market Trends
Home Value History (with trend line)
📊 How Does 56678 Compare?
| Metric | 56678 | Solway | Minnesota |
|---|---|---|---|
| Home Value | $263,851 | $263,851 | $340,597 |
| 5-Year CAGR | 7.9% | 7.9% | 4.9% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56678 (Solway, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,851 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.1%). 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 56678
Population: 1,708
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 56678
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 952 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Solway, MN a friendly market for rental owners?
Solway, MN operates under MN law, which is balanced overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the typical renter like in Solway, MN?
The renter base in Solway, MN is reasonable for the $1,035/mo price point. Screening well and pricing to market typically yields measured tenants.
Can I live-in-and-rent in Solway, MN?
Solway, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $264K price point reasonable to enter.
Is real estate in Solway, MN a good investment right now?
Our data puts Solway, MN at 3.0/5 for investability. Home prices of $264K and rents around $1,035/mo create a solid backdrop for investor activity.
What is the typical home price in Solway, MN?
The median home value in Solway, MN is roughly $264K. That puts it reasonable relative to the MN statewide average.
You know 56678 now. You don’t know where it ranks.
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