Real Estate Investing in Tenstrike, Minnesota (56683)
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Should you buy in 56683 (Tenstrike, 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: 24.7% of homes vacant — above national norms.
• 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 Tenstrike, MN (56683)?
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Market Analysis: 56683 Tenstrike
The 56683 ZIP covers a section of Tenstrike that demands careful diligence. Prices near $276K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 56683 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 56683 and stronger Tenstrike ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 56683 ZIP's population of 609 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The right play in 56683 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Tenstrike:
Market Trends
Home Value History (with trend line)
📊 How Does 56683 Compare?
| Metric | 56683 | Tenstrike | Bemidji, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $276,119 | $276,119 | N/A | $340,597 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 4.9% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56683 (Tenstrike, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,119 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.4%). 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 56683
Population: 609
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
Are homes affordable in Tenstrike, MN?
Typical homes in Tenstrike, MN go for around $276K. The 5-year CAGR of 0.0% measured price movement.
What are rental rates like in Tenstrike, MN?
Rents in Tenstrike, MN run near $1,197/mo. Compared with median home prices of $276K that produces solid gross yields for typical rentals.
How strong is tenant demand in Tenstrike, MN?
Expect a solid tenant pool in Tenstrike, MN. The rental market absorbs $1,197/mo rents without meaningful friction.
Is Tenstrike, MN a good place for real estate investing?
With a 3.0/5 investability score, Tenstrike, MN ranks as a solid market for rental property investors. Median prices of $276K and rents of $1,197/mo drive the underlying numbers.
What is the best play in Tenstrike, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Tenstrike, MN. The numbers - $276K homes against $1,197/mo rents - support that play.
You know 56683 now. You don’t know where it ranks.
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How 56683 ranks in Bemidji, MN
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