Minnesota

Red Lake County

ZIP 56742

3,922 residents0 permits TTM$77,500 median HHI4 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$157,200

ACS 5-Year

Cap rate proxy

4.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

9.7%

HUD FMR ÷ ACS HHI

Net migration

+0.76%

IRS SOI

Permits (TTM)

0

Census BPS

Climate risk

2.2

FEMA NRI (0–100)

ZIP 56742

Median home value

$157,200

Gross yield

7.4%

Cap rate

4.8%

Rent gap

35.5%

Affordability

P/I: 2.4R/I:

Section 8 detail

SAFMR: $973Rent: $628Gap: 54.9%
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
56715$157,200county est.$9737.4%4.8%35.5%
56742$157,200county est.$9737.4%4.8%35.5%
56748$157,200county est.$9737.4%4.8%35.5%
56750$213,064$9735.5%3.5%35.5%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

83.8%

Census ACS

Vacancy rate

12.4%

Census ACS

Bachelor's degree +

17.6%

Census ACS

Rent burdened

23.5%

Census ACS (>30% income)

Median age

42.8

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