Real Estate Investing in Nashwauk, Minnesota (55769)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55769 (Nashwauk, 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: 25.9% 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 Nashwauk, MN (55769)?
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Market Analysis: 55769 Nashwauk
ZIP 55769 in Nashwauk, MN carries a robust set of headwinds. Home values near $198K and rents of $927/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55769 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Turning to rents, 55769 offers a low basis, the region around Nashwauk has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A significant renter share of 10% in 55769 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
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 Nashwauk:
Property Strategy for 55769
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,211 | $1,030 | 4.3% | +8.7% | $86,106 |
| 3BR | $223,717 | $1,390 | 4.5% | +8.7% | $74,572 |
Market Trends
Home Value History (with trend line)
📊 How Does 55769 Compare?
| Metric | 55769 | Nashwauk | Grand Rapids, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $197,603 | $197,603 | N/A | $340,597 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 55769 (Nashwauk, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,603 |
| Monthly Rent | $927 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 55769
Population: 2,520
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 55769
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 do rentals go for in Nashwauk, MN?
Nashwauk, MN rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $198K acquisition costs.
Are tenants stable in Nashwauk, MN?
Expect a solid tenant pool in Nashwauk, MN. The rental market absorbs $927/mo rents without meaningful friction.
What are home prices like in Nashwauk, MN?
Homes in Nashwauk, MN typically sell near $198K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is MN a landlord-friendly state?
MN ranks as a balanced state for landlord-tenant law. Nashwauk generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in Nashwauk, MN?
House hacking in Nashwauk, MN is a challenging. With home values around $198K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
You know 55769 now. You don’t know where it ranks.
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How 55769 ranks in Grand Rapids, MN
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