Real Estate Investing in Warren, Minnesota (56762)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56762 (Warren, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 10.6% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Warren, MN (56762)?
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Market Analysis: 56762 Warren
The 56762 ZIP in Warren, MN is a local-operator market. Outside capital chasing a $197K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $197K asset, 56762 is the wrong submarket. If the plan prices in friction, the yield can still work.
From a cash-flow lens, 56762 offers a low basis, the region around Warren has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Turning to rents, 2,337 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Warren's stable or hybrid ZIPs before stepping into 56762. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Warren:
Market Trends
Home Value History (with trend line)
📊 How Does 56762 Compare?
| Metric | 56762 | Warren | Grand Forks, ND-MN | Minnesota |
|---|---|---|---|---|
| Home Value | $196,625 | $196,625 | N/A | $340,597 |
| 5-Year CAGR | 1.1% | 1.1% | N/A | 4.9% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56762 (Warren, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,625 |
| Monthly Rent | $909 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (3.6%). 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 56762
Population: 2,337
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 56762
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 is the rental occupancy rate in Warren, MN?
Expect elevated vacancy in Warren, MN. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
What monthly rent should investors expect in Warren, MN?
Warren, MN rentals go for roughly $909/mo a month. That puts gross yield in solid territory relative to $197K acquisition costs.
What strategy should investors use in Warren, MN?
Most investors in Warren, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Is Warren, MN good for landlords?
Rental owners in Warren, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
What kind of market is Warren, MN for investors?
Warren, MN scores 2.0/5 for investability. Home values sit at $197K and rents near $909/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 56762 now. You don’t know where it ranks.
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How 56762 ranks in Grand Forks, ND-MN
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