Minnesota

Lake of the Woods County

ZIP 56711

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 56711

Median home value

$215,000

Gross yield

5.7%

Cap rate

4.8%

Rent gap

14.5%

Affordability

P/I: 3.1R/I:

Section 8 detail

SAFMR: $1,014Rent: $867Gap: 17.0%
ZIP code breakdown4 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
56623$210,910$1,0145.8%4.9%14.5%
56673$215,000county est.$1,0145.7%4.8%14.5%
56686$215,000county est.$1,0145.7%4.8%14.5%
56711$215,000county est.$1,0145.7%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

Data sources
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