Minnesota

Traverse County

ZIP 56583

3,279 residents6 permits TTM$65,931 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$110,100

ACS 5-Year

Cap rate proxy

6.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

11.2%

HUD FMR ÷ ACS HHI

Net migration

IRS SOI

Permits (TTM)

6

Census BPS

Climate risk

6.2

FEMA NRI (0–100)

ZIP 56583

Median home value

$110,100

Gross yield

10.6%

Cap rate

6.7%

Rent gap

36.6%

Affordability

P/I: 1.7R/I:

Section 8 detail

SAFMR: $973Rent: $617Gap: 57.7%
ZIP code breakdown3 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
56236$110,100county est.$97310.6%6.7%36.6%
56583$110,100county est.$97310.6%6.7%36.6%
56296$125,115$9739.3%5.9%36.6%

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

Demographics

Owner-occupied

79.8%

Census ACS

Vacancy rate

25.6%

Census ACS

Bachelor's degree +

17.5%

Census ACS

Rent burdened

36.8%

Census ACS (>30% income)

Median age

45.5

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