Real Estate Investing in Mountain Iron, Minnesota (55710)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55710 (Mountain Iron, 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: 28.3% 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 Mountain Iron, MN (55710)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55710 Mountain Iron
The 55710 ZIP in Mountain Iron, MN is a local-operator market. Outside capital chasing a $275K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55710 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55710's metrics run below Saint Louis County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 3% in 55710 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Mountain Iron:
Property Strategy for 55710
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $240,657 | $1,050 | 3.1% | +6.6% | $120,329 |
| 3BR | $294,276 | $1,430 | 3.5% | +5.9% | $98,092 |
Market Trends
Home Value History (with trend line)
📊 How Does 55710 Compare?
| Metric | 55710 | Mountain Iron | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $274,629 | $245,011 | N/A | $340,597 |
| 5-Year CAGR | 5.0% | 4.8% | N/A | 4.9% |
| Avg Rent | $945 | $981 | N/A | - |
| Cap Rate | 2.7% | 3.2% | - | - |
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 55710 (Mountain Iron, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55710 (Mountain Iron, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $274,629 |
| Monthly Rent | $945 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.7%). 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 55710
Population: 1,391
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 55710
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.
Frequently Asked Questions
How do experienced investors play Mountain Iron, MN?
Mountain Iron, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($275K prices, $945/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Mountain Iron, MN?
Tenant quality in Mountain Iron, MN ranks as solid. Landlords generally report predictable occupancy at market rents of $945/mo.
Are homes affordable in Mountain Iron, MN?
Expect median prices around $275K in Mountain Iron, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What kind of market is Mountain Iron, MN for investors?
Mountain Iron, MN rates 3.0/5 for investability. With median values at $275K and rents near $945/mo, the market offers reasonable fundamentals for rental investors.
Is house hacking profitable in Mountain Iron, MN?
The a challenging house-hack environment in Mountain Iron, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 55710 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55710 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55710 ranks in Duluth, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55710 (Mountain Iron)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55710 (Mountain Iron, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.