Real Estate Investing in Hallock, Minnesota (56728)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56728 (Hallock, MN)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.7% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hallock, MN (56728)?
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Market Analysis: 56728 Hallock
The 56728 ZIP covers a section of Hallock that demands careful diligence. Prices near $162K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 56728 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 56728's metrics run below Kittson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 56728 includes headwinds that any investor should price in. Income distribution skews lower than Hallock averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 56728 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 Hallock:
Market Trends
Home Value History (with trend line)
📊 How Does 56728 Compare?
| Metric | 56728 | Hallock | Minnesota |
|---|---|---|---|
| Home Value | $162,025 | $162,025 | $340,597 |
| 5-Year CAGR | 0.7% | 0.7% | 4.9% |
| Avg Rent | $1,008 | $1,008 | - |
| 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 56728 (Hallock, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,025 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +0.7% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 56728
Population: 1,149
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 56728
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
Are rents high in Hallock, MN?
Average rent in Hallock, MN is approximately $1,008/mo per month. Against $162K home values that yields a reasonable rent-to-price ratio.
Are landlord laws favorable in Hallock, MN?
For rental operators, Hallock, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
Is housing expensive in Hallock, MN?
Expect median prices around $162K in Hallock, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is real estate in Hallock, MN a good investment right now?
Investors tracking Hallock, MN will find a 3.0/5 rating supported by $162K median home values and $1,008/mo rents. That profile suits long-term holders targeting consistent returns.
What is the tenant pool like in Hallock, MN?
Working renters make up the core of the Hallock, MN tenant base. The pool is reasonable for investors targeting long-term holds.
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