Real Estate Investing in Makinen, Minnesota (55763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55763 (Makinen, 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: 69.0% of homes vacant — above national norms.
• 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 Makinen, MN (55763)?
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Market Analysis: 55763 Makinen
Investors eyeing 55763 need to respect the fundamentals at play. Home values of $230K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 55763 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 55763 and stronger Makinen ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 55763 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 55763 is an operator game, not a passive one. Meanwhile, entry prices of $230K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Makinen:
Property Strategy for 55763
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $217,401 | $1,030 | 3.4% | +8.6% | $108,701 |
| 3BR | $253,926 | $1,390 | 3.9% | +7.3% | $84,642 |
Market Trends
Home Value History (with trend line)
📊 How Does 55763 Compare?
| Metric | 55763 | Makinen | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $230,126 | $230,126 | N/A | $340,597 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55763 (Makinen, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,126 |
| Monthly Rent | $927 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 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 (3.1%). 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 55763
Population: 467
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 Makinen, MN?
Rents in Makinen, MN run near $927/mo. Compared with median home prices of $230K that produces solid gross yields for typical rentals.
Are renters plentiful in Makinen, MN?
Expect a solid tenant pool in Makinen, MN. The rental market absorbs $927/mo rents without meaningful friction.
Is house hacking profitable in Makinen, MN?
The a challenging house-hack environment in Makinen, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How landlord-friendly is Makinen, MN?
MN ranks as a balanced state for landlord-tenant law. Makinen generally follows the statewide framework, so landlords face reasonable operating rules.
Where do home prices stand in Makinen, MN?
Typical homes in Makinen, MN go for around $230K. The 5-year CAGR of 0.0% predictable price movement.
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How 55763 ranks in Duluth, MN-WI
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