Real Estate Investing in Warroad, Minnesota (56763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56763 (Warroad, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.7% 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 Warroad, MN (56763)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56763 Warroad
Investors eyeing 56763 need to respect the fundamentals at play. Home values of $230K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 56763 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Warroad have seen price recovery that 56763 has not matched. Roseau County data supports the view that the spread is structural rather than temporary.
The demographic picture in 56763 includes headwinds that any investor should price in. Income distribution skews lower than Warroad averages, and tenant stability requires active management.
Strategy in 56763 is an operator game, not a passive one. Looking more closely, entry prices of $230K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Warroad:
Market Trends
Home Value History (with trend line)
📊 How Does 56763 Compare?
| Metric | 56763 | Warroad | Minnesota |
|---|---|---|---|
| Home Value | $229,867 | $229,867 | $340,597 |
| 5-Year CAGR | 3.8% | 3.8% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56763 (Warroad, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,867 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.0%). 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 56763
Population: 5,161
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 56763
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
How expensive is real estate in Warroad, MN?
In Warroad, MN the median home value sits at $230K. Against the broader MN market, that reads as reasonable for most investors.
Is Warroad, MN better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Warroad, MN. The numbers - $230K homes against $873/mo rents - support that play.
How strong are rents in Warroad, MN?
Expect rents around $873/mo per month in Warroad, MN. With home values at $230K, the yield math works out to reasonable levels for rental investors.
Can I house hack in Warroad, MN?
The house hack math a challenging in Warroad, MN. Owner-occupant buyers benefit from the $873/mo rents and $230K home values.
How do landlord-tenant laws work in Warroad, MN?
The landlord environment in Warroad, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
You know 56763 now. You don’t know where it ranks.
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