Real Estate Investing in Hibbing, Minnesota (55746)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55746 (Hibbing, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
What’s happening in Hibbing, MN (55746)?
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Market Analysis: 55746 Hibbing
The 55746 ZIP in Hibbing, MN is a local-operator market. Outside capital chasing a $167K entry has to pair deep knowledge with the discount.
Rent of $1,067/mo on a $167K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55746 sits below the stated 0.0% once reality is priced in.
Within MN, ZIP 55746 trails on several market indicators that neighboring Saint Louis County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 55746 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
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 Hibbing:
Property Strategy for 55746
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $87,870 | $810 | 6.6% | +8.5% | $87,870 |
| 2BR | $126,874 | $1,030 | 5.8% | +8.9% | $63,437 |
| 3BR | $177,029 | $1,390 | 5.7% | +8.2% | $59,010 |
| 4BR | $201,476 | $1,730 | 6.2% | +7.9% | $50,369 |
| 5BR | $250,916 | — | — | +7.8% | $50,183 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55746 Compare?
| Metric | 55746 | Hibbing | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $167,061 | $167,061 | N/A | $340,597 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 4.9% |
| Avg Rent | $1,067 | $1,067 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 55746 (Hibbing, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,061 |
| Monthly Rent | $1,067 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (5.0%). 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 55746
Population: 16,815
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 55746
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
How tight is the rental market in Hibbing, MN?
Vacancy in Hibbing, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,067/mo.
Is Hibbing, MN a good market for buy-and-hold investors?
Hibbing, MN scores 3.0/5 for investability. Home values sit at $167K and rents near $1,067/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What approach is best for Hibbing, MN real estate?
Hibbing, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($167K prices, $1,067/mo rents) make it a reasonable choice.
Does Hibbing, MN favor landlords or tenants?
Hibbing, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
How strong is tenant demand in Hibbing, MN?
Expect a solid tenant pool in Hibbing, MN. The rental market absorbs $1,067/mo rents without meaningful friction.
You know 55746 now. You don’t know where it ranks.
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How 55746 ranks in Duluth, MN-WI
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