Real Estate Investing in Brimson, Minnesota (55602)
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Should you buy in 55602 (Brimson, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 62.0% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Brimson, MN (55602)?
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Market Analysis: 55602 Brimson
The 55602 ZIP covers a section of Brimson that demands careful diligence. Prices near $198K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $198K asset, 55602 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 55602's metrics run below Lake County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 55602 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 55602 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Brimson:
Market Trends
Home Value History (with trend line)
📊 How Does 55602 Compare?
| Metric | 55602 | Brimson | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $198,259 | $198,259 | N/A | $340,597 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 4.9% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55602 (Brimson, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,259 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55602
Population: 310
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What do landlords charge for rent in Brimson, MN?
The typical rental in Brimson, MN commands about $1,125/mo monthly. That rent profile measured cash flow against the $198K purchase basis.
What is the typical renter like in Brimson, MN?
Tenant demand in Brimson, MN is solid. The local workforce $1,125/mo rents across most rental classes.
How high is vacancy risk in Brimson, MN?
Brimson, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
How do experienced investors play Brimson, MN?
Brimson, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($198K prices, $1,125/mo rents) make it a reasonable choice.
Is Brimson, MN a good place for real estate investing?
The 3.0/5 investability rating in Brimson, MN reflects its $198K prices and $1,125/mo rents. Investors generally consider it a solid option within MN.
You know 55602 now. You don’t know where it ranks.
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