Real Estate Investing in Eveleth, Minnesota (55734)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55734 (Eveleth, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.8% 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 Eveleth, MN (55734)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55734 Eveleth
ZIP 55734 in Eveleth, MN carries a solid set of headwinds. Home values near $172K and rents of $990/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 55734 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MN picture, 55734 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 55734 ZIP's population of 6,332 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
appears to 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 Eveleth:
Property Strategy for 55734
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,460 | $1,100 | 5.4% | +8.0% | $73,230 |
| 3BR | $196,291 | $1,510 | 5.5% | +7.4% | $65,430 |
| 4BR | $206,094 | $1,850 | 6.5% | +7.6% | $51,523 |
| 5BR | $148,054 | — | — | — | $29,611 |
Market Trends
Home Value History (with trend line)
📊 How Does 55734 Compare?
| Metric | 55734 | Eveleth | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $172,326 | $172,326 | N/A | $340,597 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 4.9% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
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 55734 (Eveleth, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55734 (Eveleth, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $172,326 |
| Monthly Rent | $990 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (4.5%). 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 55734
Population: 6,332
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 55734
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
How strong are rents in Eveleth, MN?
Rent in Eveleth, MN is around $990/mo. The resulting rent-to-value relationship with $172K pricing is reasonable for most investor models.
What kind of tenants rent in Eveleth, MN?
The renter base in Eveleth, MN is reasonable for the $990/mo price point. Screening well and pricing to market typically yields reliable tenants.
How strict are landlord regulations in Eveleth, MN?
For rental operators, Eveleth, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
Is Eveleth in MN worth investing in?
Eveleth, MN rates 3.0/5 for investability. With median values at $172K and rents near $990/mo, the market offers reasonable fundamentals for rental investors.
What is the smart move for investors in Eveleth, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Eveleth, MN. With home values at $172K and rents near $990/mo, other strategies can work but produce stable rather than outsized returns.
You know 55734 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55734 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55734 ranks in Duluth, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55734 (Eveleth)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55734 (Eveleth, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.