Real Estate Investing in Carlton County, Minnesota

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

10 ZIP codes • Population: 38,212

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

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (46/100)

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: 12.9% of homes vacant β€” above national norms.

What’s happening in Carlton County, MN?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.0% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $300,195
Avg Monthly Rent $1,112
ZIP Codes 10

Investing in Carlton County Real Estate

With 38,212 residents across 10 cities, Carlton County shows subdued fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

The investment case for Carlton County is difficult to make on screen data alone. better suited elsewhere for a 2.9 rating and cap rates that appear attractive only until real vacancy is underwritten.

A 38,212 population and $N/AK household income profile is what makes Carlton a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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

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Avg Home Value
$300,195
Avg Monthly Rent
$1,112
1% Rule
βœ— Below
Landlord Friendly (MN)
β˜…β˜…β˜…β˜†β˜†

πŸŽ“ Colleges & Universities in Carlton County

1 College 1,749 Students 540 Off-Campus Renters
C+
Fond du Lac Tribal and Community College
4-Year Public Β· 1,749 students
πŸ“ ~540 students rent off-campus

Investor Insight: With 540 students living off-campus, Carlton County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Carlton County

ZIP Codes in Carlton County, MN

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Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Carlton County

Is in MN worth investing in?

, MN rates 2.9/5 for investability. With median values at $300K and rents near $1,112/mo, the market offers reasonable fundamentals for rental investors.

Are homes affordable in, MN?

Typical homes in, MN go for around $300K. The 5-year CAGR of 0.0% even-keeled price movement.

Should investors worry about vacancy in, MN?

, MN carries elevated vacancy risk. Expect stable absorption at market rents of $1,112/mo.

How do landlord-tenant laws work in, MN?

The landlord environment in, MN is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

Community Ratings

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