Real Estate Investing in Cloquet, Minnesota (55720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55720 (Cloquet, 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.
No major risk flags on the data we track.
What’s happening in Cloquet, MN (55720)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55720 Cloquet
ZIP 55720 in Cloquet, MN carries a sturdy set of headwinds. Home values near $286K and rents of $1,160/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55720 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Cloquet have seen price recovery that 55720 has not matched. Carlton County data supports the view that the spread is structural rather than temporary.
Who lives in 55720 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends toward 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 Cloquet:
Property Strategy for 55720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,552 | $1,260 | 4.1% | +7.3% | $111,276 |
| 3BR | $287,099 | $1,730 | 4.3% | +7.0% | $95,700 |
| 4BR | $338,026 | $2,110 | 4.5% | +6.8% | $84,506 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55720 Compare?
| Metric | 55720 | Cloquet | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $286,154 | $286,154 | N/A | $340,597 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 4.9% |
| Avg Rent | $1,160 | $1,160 | N/A | - |
| Cap Rate | 3.2% | 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 55720 (Cloquet, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,154 |
| Monthly Rent | $1,160 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.2%). 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 55720
Population: 17,480
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 55720
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
How much is rent in Cloquet, MN?
Cloquet, MN rentals go for roughly $1,160/mo a month. That puts gross yield in solid territory relative to $286K acquisition costs.
How do home values compare in Cloquet, MN?
Homes in Cloquet, MN typically sell near $286K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How strong is Cloquet, MN for real estate investors?
Cloquet, MN rates 3.0/5 for investability. With median values at $286K and rents near $1,160/mo, the market offers reasonable fundamentals for rental investors.
Are eviction rules reasonable in Cloquet, MN?
For rental operators, Cloquet, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
What kind of vacancy should I budget for in Cloquet, MN?
Cloquet, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 55720 now. You don’t know where it ranks.
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How 55720 ranks in Duluth, MN-WI
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