Real Estate Investing in Coleraine, Minnesota (55722)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55722 (Coleraine, 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: 11.1% vacancy may signal weakening demand.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Coleraine, MN (55722)?
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Market Analysis: 55722 Coleraine
Investors eyeing 55722 need to respect the fundamentals at play. Home values of $210K come alongside slower price movement and elevated management overhead.
Rent of $873/mo on a $210K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55722 sits below the stated 0.0% once reality is priced in.
In the broader MN picture, 55722 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 55722 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 55722 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 Coleraine:
Market Trends
Home Value History (with trend line)
📊 How Does 55722 Compare?
| Metric | 55722 | Coleraine | Grand Rapids, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $210,087 | $210,087 | N/A | $340,597 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55722 (Coleraine, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,087 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (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 55722
Population: 1,037
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 55722
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
Should investors consider Coleraine, MN?
Our data puts Coleraine, MN at 3.0/5 for investability. Home prices of $210K and rents around $873/mo create a solid backdrop for investor activity.
Does Coleraine, MN favor landlords or tenants?
MN ranks as a balanced state for landlord-tenant law. Coleraine generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical rental rate in Coleraine, MN?
Coleraine, MN rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $210K acquisition costs.
How viable is house hacking in Coleraine, MN?
House hacking works a challenging in Coleraine, MN. Rents of $873/mo against $210K acquisition make the strategy solid for owner-occupants.
Is vacancy a concern in Coleraine, MN?
Vacancy in Coleraine, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
You know 55722 now. You don’t know where it ranks.
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How 55722 ranks in Grand Rapids, MN
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