Real Estate Investing in Angora, Minnesota (55703)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55703 (Angora, 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: 21.4% 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 Angora, MN (55703)?
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Market Analysis: 55703 Angora
This part of Saint Louis County is not an easy win. The 55703 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 55703 can be a an appealing option for hunting ground — but the discount at $212K reflects genuine risk that outside investors often underestimate.
From an investor standpoint, 55703 offers a low basis, the region around Angora has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 55703 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 55703 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Angora:
Property Strategy for 55703
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $175,055 | $1,030 | 4.2% | +6.0% | $87,528 |
| 3BR | $234,427 | $1,400 | 4.3% | +6.6% | $78,142 |
Market Trends
Home Value History (with trend line)
📊 How Does 55703 Compare?
| Metric | 55703 | Angora | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $212,159 | $235,143 | N/A | $340,597 |
| 5-Year CAGR | 5.6% | 5.3% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.4% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55703 (Angora, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,159 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 55703
Population: 929
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
How much rent can I charge in Angora, MN?
Rental rates in Angora, MN average $927/mo. Tenant demand and $212K home values make the yield look reasonable by investor standards.
How high is vacancy risk in Angora, MN?
Angora, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
Is Angora, MN a smart market for rental property?
Angora, MN stands at an investability rating of 3.0/5, with median home values near $212K and average rents around $927/mo. That combination puts it in the impressive tier for investor interest.
Is housing expensive in Angora, MN?
Expect median prices around $212K in Angora, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is the tenant base reliable in Angora, MN?
Angora, MN offers a stable renter base at the $927/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 55703 now. You don’t know where it ranks.
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How 55703 ranks in Duluth, MN-WI
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