Real Estate Investing in Mountain Iron, Minnesota

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

2 ZIP codes • Population: 4,182 • Saint Louis County

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Should you buy in Mountain Iron, 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: 15.4% of homes vacant — above national norms.

What’s happening in Mountain Iron, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 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 $245,011
Avg Monthly Rent $981
ZIP Codes 2

Investing in Mountain Iron Real Estate

Mountain Iron, MN covers 2 ZIP codes and a population but the investment metrics here are soft — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Mountain Iron is in that category.

Rents in Mountain Iron at $981/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.

The 0% renter share in Mountain Iron masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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

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

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Avg Home Value
$245,011
Avg Monthly Rent
$981
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Mountain Iron, MN

Screen every ZIP in Mountain Iron

Filter Mountain Iron’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 Mountain Iron, MN

What is the investability score for Mountain Iron, MN?

The 3.0/5 investability rating in Mountain Iron, MN reflects its $245K prices and $981/mo rents. Investors generally consider it a solid option within MN.

What do landlords charge for rent in Mountain Iron, MN?

Investors in Mountain Iron, MN typically see rents near $981/mo per month against $245K home values - a solid setup for rental cash flow.

How tight is the rental market in Mountain Iron, MN?

Vacancy in Mountain Iron, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $981/mo.

How do landlord-tenant laws work in Mountain Iron, MN?

The landlord environment in Mountain Iron, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.

What is the best play in Mountain Iron, MN?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mountain Iron, MN. The numbers - $245K homes against $981/mo rents - support that play.

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