Real Estate Investing in Angora, Minnesota (55723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55723 (Angora, 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: 56.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Angora, MN (55723)?
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Market Analysis: 55723 Angora
Not every below-median market is a bargain. Angora's 55723 ZIP posts signals that favor experienced operators who can absorb the risk $258K pricing implies.
For an experienced owner, 55723 can be a worth a close look for hunting ground — but the discount at $258K reflects genuine risk that outside investors often underestimate.
ZIP 55723's metrics run below Saint Louis County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 55723 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 55723 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Angora:
Property Strategy for 55723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,578 | $1,030 | 2.9% | +6.8% | $128,789 |
| 3BR | $288,614 | $1,390 | 3.5% | +6.5% | $96,205 |
Market Trends
Home Value History (with trend line)
📊 How Does 55723 Compare?
| Metric | 55723 | Angora | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $258,128 | $235,143 | N/A | $340,597 |
| 5-Year CAGR | 5.0% | 5.3% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.8% | 3.1% | - | - |
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 55723 (Angora, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,128 |
| Monthly Rent | $927 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.8%). 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 55723
Population: 1,861
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 55723
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
Does Angora, MN make sense for an investment property?
Angora, MN registers an investability rating of 3.0/5, with median home values near $258K and average rents around $927/mo. That combination puts it in the resilient tier for investor interest.
What is the renter demographic in Angora, MN?
Tenant demand in Angora, MN is solid. The local workforce $927/mo rents across most rental classes.
How much rent can I charge in Angora, MN?
Average rent in Angora, MN is approximately $927/mo per month. Against $258K home values that yields a reasonable rent-to-price ratio.
Is Angora, MN a good market for FHA house hackers?
House hacking in Angora, MN is a challenging. With home values around $258K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical vacancy rate in Angora, MN?
Expect elevated vacancy in Angora, MN. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
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