Real Estate Investing in Kerrick, Minnesota (55756)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55756 (Kerrick, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 66.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.7% in the last year.
• 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 Kerrick, MN (55756)?
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Market Analysis: 55756 Kerrick
Not every below-median market is a bargain. Kerrick's 55756 ZIP posts signals that favor experienced operators who can absorb the risk $228K pricing implies.
The investment case in 55756 is solid only for operators who understand what they are buying. A $228K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 55756's metrics run below Pine County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 55756 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.
The right play in 55756 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 Kerrick:
Market Trends
Home Value History (with trend line)
📊 How Does 55756 Compare?
| Metric | 55756 | Kerrick | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $228,124 | $228,124 | N/A | $340,597 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 4.9% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55756 (Kerrick, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,124 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.5%). 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 55756
Population: 286
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
How deep is the rental pool in Kerrick, MN?
Kerrick, MN draws a even-keeled base of working renters. Demand at the $1,035/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Kerrick, MN?
Yes - Kerrick, MN a 3.0/5 investability score. With $228K home prices against $1,035/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Kerrick, MN suited for a house hack?
House hacking works a challenging in Kerrick, MN. Rents of $1,035/mo against $228K acquisition make the strategy solid for owner-occupants.
What do rentals go for in Kerrick, MN?
Kerrick, MN rentals go for roughly $1,035/mo a month. That puts gross yield in solid territory relative to $228K acquisition costs.
What is the median home value in Kerrick, MN?
Kerrick, MN home values average about $228K. That price point suits investors targeting rentals with $1,035/mo in monthly income.
You know 55756 now. You don’t know where it ranks.
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