Real Estate Investing in Floodwood, Minnesota (55736)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55736 (Floodwood, 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: 34.3% 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 Floodwood, MN (55736)?
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Market Analysis: 55736 Floodwood
The 55736 ZIP in Floodwood, MN is a local-operator market. Outside capital chasing a $186K entry has to pair deep knowledge with the discount.
In practical terms, the numbers look inviting — $186K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55736 is substantial and deserves full respect.
Nearby ZIPs in Floodwood have seen price recovery that 55736 has not matched. Saint Louis County data supports the view that the spread is structural rather than temporary.
Demographically, 55736 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Floodwood's stable or hybrid ZIPs before stepping into 55736. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Floodwood:
Property Strategy for 55736
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $157,362 | $1,030 | 4.7% | +8.7% | $78,681 |
| 3BR | $212,112 | $1,390 | 4.7% | +7.4% | $70,704 |
Market Trends
Home Value History (with trend line)
📊 How Does 55736 Compare?
| Metric | 55736 | Floodwood | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $186,034 | $186,034 | N/A | $340,597 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 55736 (Floodwood, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,034 |
| Monthly Rent | $927 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +17.6% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.9%). 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 55736
Population: 1,326
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 55736
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 Floodwood, MN?
Yes - Floodwood, MN a 3.0/5 investability score. With $186K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much rent can I charge in Floodwood, MN?
Average rent in Floodwood, MN is approximately $927/mo per month. Against $186K home values that yields a reasonable rent-to-price ratio.
Is MN a landlord-friendly state?
MN law balanced for landlords, and Floodwood inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of tenants rent in Floodwood, MN?
The renter base in Floodwood, MN is reasonable for the $927/mo price point. Screening well and pricing to market typically yields measured tenants.
What strategy should investors use in Floodwood, MN?
Most investors in Floodwood, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 55736 now. You don’t know where it ranks.
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How 55736 ranks in Duluth, MN-WI
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