Real Estate Investing in Cohasset, Minnesota (55721)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55721 (Cohasset, 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: 29.8% of homes vacant — above national norms.
- Higher unemployment: 9.6% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 33.9 — 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 Cohasset, MN (55721)?
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Market Analysis: 55721 Cohasset
Investors eyeing 55721 need to respect the fundamentals at play. Home values of $355K come alongside slower price movement and elevated management overhead.
The 55721 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 55721 sits on the difficult end of the MN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A robust renter share of 9% in 55721 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 55721 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 Cohasset:
Property Strategy for 55721
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,081 | $970 | 2.4% | — | $148,540 |
| 3BR | $365,141 | $1,270 | 2.5% | +8.9% | $121,714 |
| 4BR | $482,661 | $1,370 | 2.0% | +8.4% | $120,665 |
Market Trends
Home Value History (with trend line)
📊 How Does 55721 Compare?
| Metric | 55721 | Cohasset | Grand Rapids, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $355,016 | $355,016 | N/A | $340,597 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 55721 (Cohasset, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,016 |
| Monthly Rent | $873 |
| Price-to-Rent | 33.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (1.9%). 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 55721
Population: 3,840
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 55721
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
What are rental rates like in Cohasset, MN?
Expect rents around $873/mo per month in Cohasset, MN. With home values at $355K, the yield math works out to reasonable levels for rental investors.
Are tenants stable in Cohasset, MN?
Tenant demand in Cohasset, MN is solid. The local workforce $873/mo rents across most rental classes.
Does a duplex house hack pencil in Cohasset, MN?
Cohasset, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
What is it like being a landlord in Cohasset, MN?
Rental owners in Cohasset, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
Which investment style suits Cohasset, MN?
Cohasset, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($355K prices, $873/mo rents) make it a reasonable choice.
You know 55721 now. You don’t know where it ranks.
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How 55721 ranks in Grand Rapids, MN
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