Real Estate Investing in Holyoke, Minnesota (55749)
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Should you buy in 55749 (Holyoke, 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: 45.0% of homes vacant — above national norms.
- Higher unemployment: 12.3% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Holyoke, MN (55749)?
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Market Analysis: 55749 Holyoke
ZIP 55749 inside Carlton County looks affordable on the surface — median value of $256K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55749 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55749's metrics run below Carlton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 10% in 55749 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. substantial returns are possible in 55749, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Holyoke:
Market Trends
Home Value History (with trend line)
📊 How Does 55749 Compare?
| Metric | 55749 | Holyoke | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $255,662 | $255,662 | N/A | $340,597 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 4.9% |
| Avg Rent | $1,062 | $1,062 | 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 55749 (Holyoke, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,662 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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 (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 55749
Population: 539
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
What do rentals go for in Holyoke, MN?
Rents in Holyoke, MN run near $1,062/mo. Compared with median home prices of $256K that produces solid gross yields for typical rentals.
What is the tenant pool like in Holyoke, MN?
Working renters make up the core of the Holyoke, MN tenant base. The pool is reasonable for investors targeting long-term holds.
Is housing expensive in Holyoke, MN?
Expect median prices around $256K in Holyoke, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is Holyoke, MN a friendly market for rental owners?
Holyoke, MN operates under MN law, which is balanced overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Does house hacking work in Holyoke, MN?
For house hackers, Holyoke, MN is a challenging. The $1,062/mo rent on a unit helps defray the mortgage on a $256K property.
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How 55749 ranks in Duluth, MN-WI
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