Real Estate Investing in Barnum, Minnesota (55707)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55707 (Barnum, 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: 19.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Barnum, MN (55707)?
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Market Analysis: 55707 Barnum
The 55707 ZIP covers a section of Barnum that demands careful diligence. Prices near $306K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55707 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MN picture, 55707 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 55707 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 55707 is an operator game, not a passive one. Stepping back, entry prices of $306K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Barnum:
Market Trends
Home Value History (with trend line)
📊 How Does 55707 Compare?
| Metric | 55707 | Barnum | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $305,757 | $305,757 | N/A | $340,597 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55707 (Barnum, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,757 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.8%). 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 55707
Population: 3,207
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
🎓 Schools in 55707
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 540 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Barnum, MN make sense for an investment property?
Our data puts Barnum, MN at 3.0/5 for investability. Home prices of $306K and rents around $1,089/mo create a solid backdrop for investor activity.
Are homes affordable in Barnum, MN?
Homes in Barnum, MN typically sell near $306K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What are rental rates like in Barnum, MN?
Rent in Barnum, MN is around $1,089/mo. The resulting rent-to-value relationship with $306K pricing is reasonable for most investor models.
How do landlord-tenant laws work in Barnum, MN?
Barnum, MN operates under MN law, which is balanced overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the rental occupancy rate in Barnum, MN?
Vacancy risk in Barnum, MN is elevated. That supports consistent cash flow for typical rental holds.
You know 55707 now. You don’t know where it ranks.
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How 55707 ranks in Duluth, MN-WI
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