Minnesota
Lake of the Woods County
ZIP 56686
3,800 residents23 permits TTM$70,091 median HHI4 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 56686
Median home value
$215,000
Gross yield
5.7%
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 3.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown4 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 56623 | $215,000 | $1,014 | 5.7% | 4.9% | 14.5% |
| 56673 | $215,000 | $1,014 | 5.7% | 4.8% | 14.5% |
| 56686 | $215,000 | $1,014 | 5.7% | 4.8% | 14.5% |
| 56711 | $215,000county est. | $1,014 | 5.7% | 4.8% | 14.5% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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