Real Estate Investing in Iron, Minnesota (55751)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55751 (Iron, 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: 14.6% 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 Iron, MN (55751)?
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Market Analysis: 55751 Iron
Not every below-median market is a bargain. Iron's 55751 ZIP shows signals that favor experienced operators who can absorb the risk $245K pricing implies.
Turning to rents, the numbers look inviting — $245K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55751 is substantial and deserves full respect.
Nearby ZIPs in Iron have seen price recovery that 55751 has not matched. Saint Louis County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 1,364 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 right play in 55751 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 Iron:
Property Strategy for 55751
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $194,690 | $1,090 | 4.0% | +8.5% | $97,345 |
| 3BR | $244,840 | $1,490 | 4.4% | +8.0% | $81,613 |
Market Trends
Home Value History (with trend line)
📊 How Does 55751 Compare?
| Metric | 55751 | Iron | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $245,023 | $245,023 | N/A | $340,597 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 4.9% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.1% | 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 55751 (Iron, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,023 |
| Monthly Rent | $981 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.1%). 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 55751
Population: 1,364
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 55751
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 833 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Iron, MN for investors?
Iron, MN scores 3.0/5 for investability. Home values sit at $245K and rents near $981/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What do rentals go for in Iron, MN?
Rents in Iron, MN run near $981/mo. Compared with median home prices of $245K that produces solid gross yields for typical rentals.
Is housing expensive in Iron, MN?
Typical homes in Iron, MN go for around $245K. The 5-year CAGR of 0.0% predictable price movement.
What is the best play in Iron, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Iron, MN. The numbers - $245K homes against $981/mo rents - support that play.
How qualified is the tenant pool in Iron, MN?
Iron, MN draws a predictable base of working renters. Demand at the $981/mo rent level is reasonable for standard single-family and small multi rentals.
You know 55751 now. You don’t know where it ranks.
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How 55751 ranks in Duluth, MN-WI
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