Real Estate Investing in Carlton, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,068 • Carlton County

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Should you buy in Carlton, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (62/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.3% vacancy may signal weakening demand.

What’s happening in Carlton, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.6% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $347,440
Avg Monthly Rent $972
ZIP Codes 1

Investing in Carlton Real Estate

Carlton in Minnesota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

The investment case for Carlton is difficult to make on screen data alone. a challenging fit for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rents in Carlton at $972/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Carlton show real pressure — median income of $N/AK is soft relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Duluth, MN-WI

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$347,440
Avg Monthly Rent
$972
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Carlton, MN

Screen every ZIP in Carlton

Filter Carlton’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Carlton, MN

Is real estate in Carlton, MN a good investment right now?

Carlton, MN scores 3.0/5 for investability. Home values sit at $347K and rents near $972/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

How high is vacancy risk in Carlton, MN?

Vacancy risk in Carlton, MN is elevated. That supports stable cash flow for typical rental holds.

What real estate strategy is ideal for Carlton, MN?

For Carlton, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Does a duplex house hack pencil in Carlton, MN?

The a challenging house-hack environment in Carlton, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

Is it easy to find good tenants in Carlton, MN?

Tenant demand in Carlton, MN is solid. The local workforce $972/mo rents across most rental classes.

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