Real Estate Investing in Orr, Minnesota (55771)
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Should you buy in 55771 (Orr, 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: 65.9% 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 Orr, MN (55771)?
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Market Analysis: 55771 Orr
This part of Saint Louis County is not an easy win. The 55771 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $230K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55771 is substantial and deserves full respect.
The gap between 55771 and stronger Orr ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 1,616 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 55771 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Orr:
Property Strategy for 55771
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $221,249 | $1,060 | 3.4% | +8.3% | $110,624 |
| 3BR | $274,732 | $1,450 | 3.8% | +7.8% | $91,577 |
Market Trends
Home Value History (with trend line)
📊 How Does 55771 Compare?
| Metric | 55771 | Orr | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $230,135 | $230,135 | N/A | $340,597 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 4.9% |
| Avg Rent | $954 | $954 | 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 55771 (Orr, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,135 |
| Monthly Rent | $954 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 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 55771
Population: 1,616
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
Frequently Asked Questions
Is Orr, MN a good market for buy-and-hold investors?
Orr, MN scores 3.0/5 for investability. Home values sit at $230K and rents near $954/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the rental occupancy rate in Orr, MN?
Rental vacancy in Orr, MN is elevated. Investors should budget normal turnover but not chronic empty units.
What approach is best for Orr, MN real estate?
Orr, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($230K prices, $954/mo rents) make it a reasonable choice.
Are tenants stable in Orr, MN?
The tenant pool in Orr, MN is solid, supported by local employment and population fundamentals. Rents of $954/mo are well-absorbed by the market.
What price range are homes in Orr, MN?
In Orr, MN the median home value sits at $230K. Against the broader MN market, that reads as reasonable for most investors.
You know 55771 now. You don’t know where it ranks.
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How 55771 ranks in Duluth, MN-WI
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