Real Estate Investing in Blackduck, Minnesota (56630)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56630 (Blackduck, 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: 27.3% 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 Blackduck, MN (56630)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56630 Blackduck
Investors eyeing 56630 need to respect the fundamentals at play. Home values of $198K come alongside slower price movement and elevated management overhead.
The investment case in 56630 is impressive only for operators who understand what they are buying. A $198K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within MN, ZIP 56630 trails on several market indicators that neighboring Beltrami submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Who lives in 56630 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 56630 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Blackduck:
Property Strategy for 56630
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,974 | $990 | 4.2% | +6.6% | $84,487 |
| 3BR | $209,514 | $1,190 | 4.1% | +8.3% | $69,838 |
Market Trends
Home Value History (with trend line)
📊 How Does 56630 Compare?
| Metric | 56630 | Blackduck | Minnesota |
|---|---|---|---|
| Home Value | $198,460 | $198,460 | $340,597 |
| 5-Year CAGR | 6.3% | 6.3% | 4.9% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 56630 (Blackduck, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 56630 (Blackduck, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $198,460 |
| Monthly Rent | $891 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.5%). 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 56630
Population: 2,081
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 56630
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.
Frequently Asked Questions
What do landlords charge for rent in Blackduck, MN?
Average rent in Blackduck, MN is approximately $891/mo per month. Against $198K home values that yields a reasonable rent-to-price ratio.
What is the average home sale price in Blackduck, MN?
The median home value in Blackduck, MN is roughly $198K. That puts it reasonable relative to the MN statewide average.
Is real estate in Blackduck, MN a good investment right now?
Blackduck, MN shows an investability rating of 3.0/5, with median home values near $198K and average rents around $891/mo. That combination puts it in the notable tier for investor interest.
What is the smart move for investors in Blackduck, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Blackduck, MN. The numbers - $198K homes against $891/mo rents - support that play.
How do landlord-tenant laws work in Blackduck, MN?
Rental owners in Blackduck, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
You know 56630 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 56630 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.
AI Market Advisor
Ask questions about investing in 56630 (Blackduck)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 56630 (Blackduck, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.