Real Estate Investing in Mountain Iron, Minnesota (55768)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55768 (Mountain Iron, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mountain Iron, MN (55768)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55768 Mountain Iron
ZIP 55768 inside Saint Louis County looks affordable on the surface — median value of $215K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 55768 can be a an appealing option for hunting ground — but the discount at $215K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Mountain Iron have seen price recovery that 55768 has not matched. Saint Louis County data supports the view that the spread is structural rather than temporary.
Resident income in 55768 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 55768, 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 Mountain Iron:
Property Strategy for 55768
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,244 | $1,130 | 4.8% | +6.8% | $85,622 |
| 3BR | $231,452 | $1,550 | 4.8% | +7.0% | $77,151 |
| 4BR | $294,648 | $1,900 | 4.6% | +5.7% | $73,662 |
Market Trends
Home Value History (with trend line)
📊 How Does 55768 Compare?
| Metric | 55768 | Mountain Iron | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $215,392 | $245,011 | N/A | $340,597 |
| 5-Year CAGR | 4.6% | 4.8% | N/A | 4.9% |
| Avg Rent | $1,017 | $981 | N/A | - |
| Cap Rate | 3.7% | 3.2% | - | - |
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 55768 (Mountain Iron, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,392 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.7%). 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 55768
Population: 2,791
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 55768
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 strong are rents in Mountain Iron, MN?
Expect rents around $1,017/mo per month in Mountain Iron, MN. With home values at $215K, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Mountain Iron, MN?
Mountain Iron, MN carries elevated vacancy risk. Expect consistent absorption at market rents of $1,017/mo.
Does Mountain Iron, MN make sense for an investment property?
Mountain Iron, MN records an investability rating of 3.0/5, with median home values near $215K and average rents around $1,017/mo. That combination puts it in the substantial tier for investor interest.
Is housing expensive in Mountain Iron, MN?
Typical homes in Mountain Iron, MN go for around $215K. The 5-year CAGR of 0.0% predictable price movement.
Does house hacking work in Mountain Iron, MN?
The a challenging house-hack environment in Mountain Iron, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 55768 now. You don’t know where it ranks.
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How 55768 ranks in Duluth, MN-WI
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