Real Estate Investing in Saint Louis County, Minnesota

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

36 ZIP codes • Population: 183,798

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

🏠 For Homebuyers
MIXED
Grade C (64/100)

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

πŸ“ˆ For Investors
MIXED
3.1 / 5 (53/100)

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: 16.3% of homes vacant β€” above national norms.

What’s happening in Saint Louis County, MN?

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3.1/ 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 $233,437
Avg Monthly Rent $1,186
ZIP Codes 36

Investing in Saint Louis County Real Estate

This is a distressed-leaning county in Minnesota: Saint Louis has 25 cities, 36 ZIPs, and investment math that only works for investors with genuine local understanding.

Across Saint Louis's 36 ZIPs, the investment landscape runs modest: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Population dynamics in Saint Louis haven't been supportive. a harder case for combined with thin 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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Landlord Ground Truth

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

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Avg Home Value
$233,437
Avg Monthly Rent
$1,186
1% Rule
βœ— Below
Landlord Friendly (MN)
β˜…β˜…β˜…β˜†β˜†

πŸŽ“ Colleges & Universities in Saint Louis County

4 Colleges 19,350 Students 3,628 Off-Campus Renters
C+
University of Minnesota-Duluth
4-Year Public Β· 9,350 students
πŸ“ ~411 students rent off-campus
C
Minnesota North College
2-Year Public Β· 3,020 students
πŸ“ ~833 students rent off-campus
C
The College of Saint Scholastica
4-Year Private Β· 2,979 students
C
Lake Superior College
2-Year Public Β· 4,001 students
πŸ“ ~2,384 students rent off-campus

Investor Insight: With 3,628 students living off-campus, Saint Louis County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Saint Louis County

ZIP Codes in Saint Louis County, MN

55811 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 27,907
Avg Home $366,514
Avg Rent $2,002/mo
55803 β˜… β˜… β˜… β˜… β˜…
Rice Lake
Population 17,795
Avg Home $366,683
Avg Rent $2,342/mo
55746 β˜… β˜… β˜… β˜… β˜…
Hibbing
Population 16,815
Avg Home $167,061
Avg Rent $1,067/mo
55804 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 16,018
Avg Home $368,086
Avg Rent $2,204/mo
55812 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 11,016
Avg Home $357,535
Avg Rent $1,389/mo
55805 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 10,277
Avg Home $227,779
Avg Rent $1,317/mo
55792 β˜… β˜… β˜… β˜… β˜…
Virginia
Population 9,848
Avg Home $146,292
Avg Rent $1,013/mo
55807 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 9,573
Avg Home $219,534
Avg Rent $1,669/mo
55806 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 9,545
Avg Home $217,684
Avg Rent $1,240/mo
55734 β˜… β˜… β˜… β˜… β˜…
Eveleth
Population 6,332
Avg Home $172,326
Avg Rent $990/mo
55719 β˜… β˜… β˜… β˜… β˜…
Chisholm
Population 5,642
Avg Home $140,177
Avg Rent $927/mo
55808 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 5,325
Avg Home $229,847
Avg Rent $1,107/mo
55731 β˜… β˜… β˜… β˜… β˜…
Ely
Population 5,292
Avg Home $291,063
Avg Rent $1,008/mo
55779 β˜… β˜… β˜… β˜… β˜…
Saginaw
Population 3,981
Avg Home $359,966
Avg Rent $1,665/mo
55705 β˜… β˜… β˜… β˜… β˜…
Aurora
Population 3,248
Avg Home $165,170
Avg Rent $927/mo
55768 β˜… β˜… β˜… β˜… β˜…
Mountain Iron
Population 2,791
Avg Home $215,392
Avg Rent $1,017/mo
55802 β˜… β˜… β˜… β˜… β˜…
Duluth
Population 2,560
Avg Home $488,900
Avg Rent $1,605/mo
55750 β˜… β˜… β˜… β˜… β˜…
Hoyt Lakes
Population 2,078
Avg Home $127,935
Avg Rent $1,125/mo
55723 β˜… β˜… β˜… β˜… β˜…
Angora
Population 1,861
Avg Home $258,128
Avg Rent $927/mo
55706 β˜… β˜… β˜… β˜… β˜…
Babbitt
Population 1,827
Avg Home $153,779
Avg Rent $927/mo
55771 β˜… β˜… β˜… β˜… β˜…
Orr
Population 1,616
Avg Home $230,135
Avg Rent $954/mo
55732 β˜… β˜… β˜… β˜… β˜…
Embarrass
Population 1,398
Avg Home $211,454
Avg Rent $927/mo
55710 β˜… β˜… β˜… β˜… β˜…
Mountain Iron
Population 1,391
Avg Home $274,629
Avg Rent $945/mo
55751 β˜… β˜… β˜… β˜… β˜…
Iron
Population 1,364
Avg Home $245,023
Avg Rent $981/mo
55736 β˜… β˜… β˜… β˜… β˜…
Floodwood
Population 1,326
Avg Home $186,034
Avg Rent $927/mo
55713 β˜… β˜… β˜… β˜… β˜…
Buhl
Population 1,048
Avg Home $134,669
Avg Rent $1,116/mo
55703 β˜… β˜… β˜… β˜… β˜…
Angora
Population 929
Avg Home $212,159
Avg Rent $927/mo
55708 β˜… β˜… β˜… β˜… β˜…
Aurora
Population 850
Avg Home $131,862
Avg Rent $927/mo
55765 β˜… β˜… β˜… β˜… β˜…
Meadowlands
Population 755
Avg Home $191,582
Avg Rent $927/mo
55724 β˜… β˜… β˜… β˜… β˜…
Cotton
Population 719
Avg Home $233,670
Avg Rent $1,125/mo
55738 β˜… β˜… β˜… β˜… β˜…
Forbes
Population 584
Avg Home $208,241
Avg Rent $927/mo
55711 β˜… β˜… β˜… β˜… β˜…
Brookston
Population 518
Avg Home $213,919
Avg Rent $1,053/mo
55763 β˜… β˜… β˜… β˜… β˜…
Makinen
Population 467
Avg Home $230,126
Avg Rent $927/mo
55782 β˜… β˜… β˜… β˜… β˜…
Ely
Population 439
Avg Home $134,402
Avg Rent $927/mo
55702 β˜… β˜… β˜… β˜… β˜…
Alborn
Population 422
Avg Home $255,900
Avg Rent $1,107/mo
55717 β˜… β˜… β˜… β˜… β˜…
Canyon
Population 241
Avg Home $270,068
Avg Rent $1,539/mo

Screen every market in Saint Louis County

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 Saint Louis County

What approach is best for, MN real estate?

For, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

What do landlords charge for rent in, MN?

The typical rental in, MN commands about $1,186/mo monthly. That rent profile reliable cash flow against the $233K purchase basis.

How deep is the rental pool in, MN?

, MN draws a consistent base of working renters. Demand at the $1,186/mo rent level is reasonable for standard single-family and small multi rentals.

How landlord-friendly is, MN?

MN ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

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