Real Estate Investing in Hill City, Minnesota

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

1 ZIP codes • Population: 1,429 • Itasca County

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

🏠 For Homebuyers
MIXED
Grade C (60/100)

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
  • High vacancy: 37.8% of homes vacant — above national norms.

What’s happening in Hill City, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.7% 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 $195,012
Avg Monthly Rent $891
ZIP Codes 1

Investing in Hill City Real Estate

This is a distressed-leaning corner of Minnesota: Hill City has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

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

Rent trends and price trends in Hill City are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Minnesota.

Demographics in Hill City 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 Grand Rapids, MN

Hill City is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Hill City, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$195,012
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Grand Rapids, MN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
50%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Grand Rapids, MN metro
0
Days to pending
7.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Hill City, MN

Screen every ZIP in Hill City

Filter Hill City’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 Hill City, MN

Which investment style suits Hill City, MN?

Most investors in Hill City, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

How expensive is real estate in Hill City, MN?

Homes in Hill City, MN typically sell near $195K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

How much is rent in Hill City, MN?

Rental rates in Hill City, MN average $891/mo. Tenant demand and $195K home values make the yield look reasonable by investor standards.

Is Hill City, MN good for landlords?

Hill City, MN operates under MN law, which is balanced overall for landlords. Expect predictable treatment in typical lease and eviction cases.

How tight is the rental market in Hill City, MN?

Hill City, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.

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