Minnesota

Yellow Medicine County

ZIP 56241

9,509 residents36 permits TTM$71,573 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$148,200

ACS 5-Year

Cap rate proxy

5.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

11.5%

HUD FMR ÷ ACS HHI

Net migration

+0.90%

IRS SOI

Permits (TTM)

36

Census BPS

Climate risk

30.0

FEMA NRI (0–100)

ZIP 56241

Median home value

$179,303

Gross yield

6.5%

Cap rate

4.6%

Rent gap

29.3%

Affordability

P/I: 2.5R/I:

Section 8 detail

SAFMR: $973Rent: $688Gap: 41.4%
ZIP code breakdown7 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
56223$143,791$9738.1%5.7%29.3%
56237$148,200county est.$9737.9%5.6%29.3%
56245$148,200county est.$9737.9%5.6%29.3%
56291$148,200county est.$9737.9%5.6%29.3%
56297$148,200county est.$9737.9%5.6%29.3%
56220$176,399$9736.6%4.7%29.3%
56241$179,303$9736.5%4.6%29.3%

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

Demographics

Owner-occupied

84.2%

Census ACS

Vacancy rate

11.5%

Census ACS

Bachelor's degree +

19.0%

Census ACS

Rent burdened

23.4%

Census ACS (>30% income)

Median age

42.0

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