Minnesota

Redwood County

ZIP 56283

15,383 residents7 permits TTM$67,024 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$150,400

ACS 5-Year

Cap rate proxy

6.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.7%

HUD FMR ÷ ACS HHI

Net migration

+0.57%

IRS SOI

Permits (TTM)

7

Census BPS

Climate risk

35.1

FEMA NRI (0–100)

ZIP 56283

Median home value

$190,998

Gross yield

6.1%

Cap rate

4.8%

Rent gap

21.2%

Affordability

P/I: 2.9R/I:

Section 8 detail

SAFMR: $973Rent: $767Gap: 26.9%
ZIP code breakdown14 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
56083$150,400county est.$9737.8%6.1%21.2%
56152$156,672$9737.5%5.9%21.2%
56166$150,400county est.$9737.8%6.1%21.2%
56180$152,429$9737.7%6.0%21.2%
56214$150,400county est.$9737.8%6.1%21.2%

Ranked by composite score

ZIP comparison table. Showing 5 of 14 ZIPs. Sign up to see all.

Demographics

Owner-occupied

79.7%

Census ACS

Vacancy rate

13.3%

Census ACS

Bachelor's degree +

20.8%

Census ACS

Rent burdened

39.1%

Census ACS (>30% income)

Median age

41.1

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