Real Estate Investing in Carlton, Minnesota (55718)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55718 (Carlton, 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.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carlton, MN (55718)?
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Market Analysis: 55718 Carlton
Investors eyeing 55718 need to respect the fundamentals at play. Home values of $347K come alongside slower price movement and elevated management overhead.
Rent of $972/mo on a $347K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55718 sits below the stated 0.0% once reality is priced in.
In the broader MN picture, 55718 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 55718 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 55718 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Carlton:
Market Trends
Home Value History (with trend line)
📊 How Does 55718 Compare?
| Metric | 55718 | Carlton | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $347,440 | $347,440 | N/A | $340,597 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 4.9% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 55718 (Carlton, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $347,440 |
| Monthly Rent | $972 |
| Price-to-Rent | 29.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.2%). 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 55718
Population: 3,068
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 55718
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
What monthly rent should investors expect in Carlton, MN?
Expect rents around $972/mo per month in Carlton, MN. With home values at $347K, the yield math works out to reasonable levels for rental investors.
Are tenants stable in Carlton, MN?
Tenant demand in Carlton, MN is solid. The local workforce $972/mo rents across most rental classes.
Do landlords face vacancy issues in Carlton, MN?
Vacancy in Carlton, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $972/mo.
What investment strategy works best in Carlton, MN?
The best-fit strategy in Carlton, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Carlton, MN a smart market for rental property?
Investors tracking Carlton, MN will find a 3.0/5 rating supported by $347K median home values and $972/mo rents. That profile suits long-term holders targeting predictable returns.
You know 55718 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55718 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 55718 ranks in Duluth, MN-WI
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