Real Estate Investing in Makinen, Minnesota

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

1 ZIP codes • Population: 467 • Saint Louis County

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Should you buy in Makinen, 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: 69.0% of homes vacant — above national norms.

What’s happening in Makinen, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.8% 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 $230,126
Avg Monthly Rent $927
ZIP Codes 1

Investing in Makinen Real Estate

With a sizable population across 1 ZIPs, Makinen shows the kind of lackluster fundamentals that keep most out-of-state capital on the sidelines.

Makinen is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state investors should be especially careful with the assumptions they carry in.

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

Population dynamics in Makinen haven't been supportive. better suited elsewhere for combined with modest income growth, the demographic backdrop complicates any purely financial underwriting.

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

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$230,126
Avg Monthly Rent
$927
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Makinen, MN

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Filter Makinen’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 Makinen, MN

What is the typical vacancy rate in Makinen, MN?

Rental vacancy in Makinen, MN is elevated. Investors should budget normal turnover but not chronic empty units.

How much rent can I charge in Makinen, MN?

Average rent in Makinen, MN is approximately $927/mo per month. Against $230K home values that yields a reasonable rent-to-price ratio.

What is the tenant pool like in Makinen, MN?

Makinen, MN draws a measured base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.

Does house hacking make sense in Makinen, MN?

For house hackers, Makinen, MN is a challenging. The $927/mo rent on a unit helps defray the mortgage on a $230K property.

What kind of market is Makinen, MN for investors?

Makinen, MN rates 3.0/5 for investability. With median values at $230K and rents near $927/mo, the market offers reasonable fundamentals for rental investors.

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