Real Estate Investing in Canyon, Minnesota (55717)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55717 (Canyon, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 68.4% 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 Canyon, MN (55717)?
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Market Analysis: 55717 Canyon
On the rental side, ZIP 55717 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $270K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55717 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 55717 sits on the difficult end of the MN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 55717 ZIP's population of 241 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 55717 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 Canyon:
Market Trends
Home Value History (with trend line)
📊 How Does 55717 Compare?
| Metric | 55717 | Canyon | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $270,068 | $270,068 | N/A | $340,597 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 4.9% |
| Avg Rent | $1,539 | $1,539 | 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 55717 (Canyon, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,068 |
| Monthly Rent | $1,539 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 55717
Population: 241
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
Can I live-in-and-rent in Canyon, MN?
Canyon, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $270K price point reasonable to enter.
What do rentals go for in Canyon, MN?
Rents in Canyon, MN run near $1,539/mo. Compared with median home prices of $270K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Canyon, MN?
Canyon, MN draws a even-keeled base of working renters. Demand at the $1,539/mo rent level is reasonable for standard single-family and small multi rentals.
Are eviction rules reasonable in Canyon, MN?
Canyon, MN operates under MN law, which is balanced overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the best play in Canyon, MN?
The best-fit strategy in Canyon, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 55717 now. You don’t know where it ranks.
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How 55717 ranks in Duluth, MN-WI
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