The story of this market
The typical home in ZIP 56401 sells for about $332,000, or $165 per square foot.
Prices are up +11.2% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $883 a month.
ZIP 56401 — Brainerd
The Brainerd housing market shows signs of softness with high vacancy rates and a challenging price-to-rent ratio for investors. While home prices have seen year-over-year growth, the market remains somewhat competitive with a median price of $332,000.
This area is suited for those seeking a lifestyle centered on the Brainerd Lakes outdoor amenities, though investors should be cautious due to high vacancy rates.
Median prices moved up 11.2% year over year.
Homes spend a median of 43 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 10.1% — a stable, low-distress profile.
ZCTA 56401, Crow Wing County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is known for its proximity to the Brainerd Lakes region, offering extensive access to outdoor recreation including boating, fishing, and golf.
The rental market shows high vacancy pressure at 18.9% and a high price-to-rent ratio of 26.9, making cash-flow challenging for investors.
The local economy is heavily influenced by the tourism and hospitality sectors associated with the Brainerd Lakes area.
Data sourced from ZCTA-level ACS 2023 estimates.
A major regional destination for fishing, boating, and water sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.