Minnesota
Lake of the Woods County
3,800 residents23 permits TTM$70,091 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$215,000
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.8%
HUD FMR ÷ ACS HHI
Net migration
—
IRS SOI
Permits (TTM)
23
Census BPS
Climate risk
3.5
FEMA NRI (0–100)
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 56623 | — | — | — | 0.7 | — |
| 56673 | — | — | — | — | — |
| 56686 | — | — | — | — | — |
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Demographics
Owner-occupied
84.3%
Census ACS
Vacancy rate
51.8%
Census ACS
Bachelor's degree +
21.4%
Census ACS
Rent burdened
55.0%
Census ACS (>30% income)
Median age
50.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026