Real Estate Investing in Rice Lake, Minnesota

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

1 ZIP codes • Population: 17,795 • Saint Louis County

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

🏠 For Homebuyers
MIXED
Grade C (64/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

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: 12.8% of homes vacant — above national norms.

What’s happening in Rice Lake, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 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 $366,683
Avg Monthly Rent $2,342
ZIP Codes 1

Investing in Rice Lake Real Estate

Rice Lake (Minnesota) spans 1 ZIPs and roughly a sizable population. clearly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

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. Rice Lake is in that category.

Transaction volume in Rice Lake has thinned in a way that amplifies price discovery risk. Looking more closely, investors without local context should treat every number on the page with skepticism.

Population dynamics in Rice Lake haven't been supportive. a challenging fit for combined with sluggish 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

Rice Lake 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
$366,683
Avg Monthly Rent
$2,342
1% Rule
✗ Below
Landlord Friendly (MN)

Neighborhoods in Rice Lake

ZIP Codes in Rice Lake, MN

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Filter Rice Lake’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 Rice Lake, MN

What is the investability score for Rice Lake, MN?

Yes - Rice Lake, MN a 3.0/5 investability score. With $367K home prices against $2,342/mo monthly rent, the market delivers a reasonable entry point for new investors.

What is the average home sale price in Rice Lake, MN?

Expect median prices around $367K in Rice Lake, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.

What is the best play in Rice Lake, MN?

Rice Lake, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($367K prices, $2,342/mo rents) make it a reasonable choice.

Does Rice Lake, MN favor landlords or tenants?

Rental owners in Rice Lake, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.

What is the typical vacancy rate in Rice Lake, MN?

Occupancy in Rice Lake, MN runs measured with elevated vacancy. Well-priced units at $2,342/mo lease on reasonable timelines.

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