Real Estate Investing in Alborn, Minnesota (55702)
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Should you buy in 55702 (Alborn, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 39.1% 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 Alborn, MN (55702)?
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Market Analysis: 55702 Alborn
Not every below-median market is a bargain. Alborn's 55702 ZIP clocks in at signals that favor experienced operators who can absorb the risk $256K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55702 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Alborn have seen price recovery that 55702 has not matched. Saint Louis County data supports the view that the spread is structural rather than temporary.
A durable renter share of 12% in 55702 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 55702 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Alborn:
Market Trends
Home Value History (with trend line)
📊 How Does 55702 Compare?
| Metric | 55702 | Alborn | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $255,900 | $255,900 | N/A | $340,597 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 4.9% |
| Avg Rent | $1,107 | $1,107 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55702 (Alborn, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,900 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.4%). 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 55702
Population: 422
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
Which investment style suits Alborn, MN?
Most investors in Alborn, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is it easy to find good tenants in Alborn, MN?
Alborn, MN offers a measured renter base at the $1,107/mo rent level. Tenant turnover is reasonable for well-managed properties.
What are home prices like in Alborn, MN?
In Alborn, MN the median home value sits at $256K. Against the broader MN market, that reads as reasonable for most investors.
Is MN a landlord-friendly state?
MN law balanced for landlords, and Alborn inherits those rules. Investors should still review local ordinances for rental licensing.
Is Alborn, MN a good market for FHA house hackers?
The house hack math a challenging in Alborn, MN. Owner-occupant buyers benefit from the $1,107/mo rents and $256K home values.
You know 55702 now. You don’t know where it ranks.
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How 55702 ranks in Duluth, MN-WI
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