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56171, MN Properties

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Find, analyze, and compare investment properties in 56171, MN, including off-market opportunities and residential homes with value-add potential. The 56171 area offers a diverse housing market with single-family residences (SFRs), multi-family properties, and vacant homes. This ZIP code offers investment potential for long-term rentals (LTRs), as highlighted by 56171 housing market trends. Property Intel by Whitepages makes it easy to uncover off-market properties, compare ZIP code and neighborhood benchmarks, and access owner contact information to help you find the best investment properties in 56171, Minnesota for your real estate goals.

In 56171, the median property value currently stands at $120,720, reflecting a -4.85% year-over-year increase based on recent sales. The 5-year appreciation forecast estimates values reaching $262,872 (a 0.1% gain). The housing market includes a total of 1,153 houses.The median home in 56171 has 1,660 square feet of living space, priced at a median of $86 per square foot with a median year built of 1950. For long-term rental properties in 56171, the median annual gross rental income is $27,000 (or $2,250/month) with estimated operating expenses of $6,007, resulting in an approximate gross cap rate of 16.43%.

Property Intel by Whitepages helps investors and homeowners explore the 56171 area by offering market analysis tools, neighborhood benchmarks, owner contact information, and interactive maps. These tools support research into investment properties, including foreclosure data and off-market listings in 56171, MN.

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MN56171

Housing Market Trends & Statistics for 56171, Minnesota

Median Property Value
$120,720
Total number of Properties
1,153
Median Living Space
1,660 sq ft
Median Year Built
1950 (75 years)
5-Year Appreciation Forecast
$262,872
Median Lot Size
42,253 sq ft
Average Ownership
1 year 2 months
for 56171, MN
  • Est. Rental Income
    $27,000 ($2,250 per month)
  • Net Operating Income
    $20,994 ($1,749 per month)
  • Cap Rate
    16.43%

Find Investment Properties in 56171

Nearby Cities

  1. Sherburn Investment Properties
  2. Jackson Investment Properties
  3. Fairmont Investment Properties
  4. Truman Investment Properties
  5. Mountain Lake Investment Properties
  6. Lakefield Investment Properties
  7. Saint James Investment Properties
  8. Windom Investment Properties
  9. Winnebago Investment Properties
  10. Madelia Investment Properties

Nearby Neighborhoods

  1. Downtown Chaska in Chaska, MN
  2. Downtown Shakopee in Shakopee, MN
  3. Central Farmington in Farmington, MN
  4. Downtown Farmington in Farmington, MN
  5. North Central Farmington in Farmington, MN
  6. Old Town in Saint Paul, MN
  7. Alimagnet in Saint Paul, MN
  8. Scott Highlands in Saint Paul, MN
  9. River Hills in Burnsville, MN
  10. Edinborough in Minneapolis, MN

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