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Market MapMinnesotaRed Lake

Red Lake County

MinnesotaPopulation: 3,912
77
/100
Strong Buy
#20 of 1,000 counties
#3 in Minnesota (87 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$198,711
Median Home Price
15% below national median
$11,799/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
77/100
77
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
87/100

Based on 5.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
90/100

Price-to-income ratio of 2.7x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Strong price appreciation (+5.5% YoY)
  • +Affordable relative to local incomes

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
3,912
Median Income
$73,889
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
2.7x
Very affordable

Who this market fits

Best for
  • +Appreciation buyers: YoY growth is meaningfully above the long-run average
Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
RedwoodMN
78$177,081Est. pending—Strong BuyView
WatonwanMN
78$171,215Est. pending—Strong BuyView
CurrentRed LakeMN
77$198,711Est. pending—Strong Buy
MartinMN
76$209,481Est. pending—Strong BuyView
RenvilleMN
75$187,350Est. pending—Strong BuyView
PipestoneMN
75$189,757Est. pending—Strong BuyView

The Bottom Line

Strong BuyRed Lake is a strong buy market with excellent fundamentals for buy-and-hold investors.

Red Lake County in Minnesota scores 77/100, ranking #20 of 1,000 US counties (top 3%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Cheaper alternatives to Red Lake

  • Watonwan County, lower entry price
  • Redwood County, lower entry price
  • Renville County, lower entry price

Head-to-head comparisons

  • Red Lake vs Redwood for rentals
  • Red Lake vs Martin for rentals
  • Red Lake vs Watonwan for rentals
All counties in Minnesota →

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