Real Estate Investing in Sturgeon Lake, Minnesota (55783)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55783 (Sturgeon Lake, 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: 44.5% 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 Sturgeon Lake, MN (55783)?
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Market Analysis: 55783 Sturgeon Lake
ZIP 55783 in Sturgeon Lake, MN carries a resilient set of headwinds. Home values near $274K and rents of $1,098/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $274K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55783 is substantial and deserves full respect.
Within MN, ZIP 55783 trails on several market indicators that neighboring Pine County submarkets outperform. The gap is real and solid enough to shape underwriting.
Resident income in 55783 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans 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 Sturgeon Lake:
Property Strategy for 55783
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $254,196 | $1,220 | 3.5% | +9.5% | $127,098 |
| 3BR | $313,463 | $1,470 | 3.4% | +9.8% | $104,488 |
| 4BR | $384,715 | $1,730 | 3.2% | +8.0% | $96,179 |
Market Trends
Home Value History (with trend line)
📊 How Does 55783 Compare?
| Metric | 55783 | Sturgeon Lake | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $274,156 | $274,156 | N/A | $340,597 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 4.9% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 55783 (Sturgeon Lake, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,156 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 55783
Population: 2,487
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
Should investors consider Sturgeon Lake, MN?
Sturgeon Lake, MN sits at an investability rating of 3.0/5, with median home values near $274K and average rents around $1,098/mo. That combination puts it in the impressive tier for investor interest.
How expensive is real estate in Sturgeon Lake, MN?
In Sturgeon Lake, MN the median home value sits at $274K. Against the broader MN market, that reads as reasonable for most investors.
What strategy should investors use in Sturgeon Lake, MN?
In Sturgeon Lake, MN the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $274K prices and $1,098/mo rents suits that approach.
What is the tenant pool like in Sturgeon Lake, MN?
Sturgeon Lake, MN draws a consistent base of working renters. Demand at the $1,098/mo rent level is reasonable for standard single-family and small multi rentals.
Do landlords face vacancy issues in Sturgeon Lake, MN?
Sturgeon Lake, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 55783 now. You don’t know where it ranks.
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How 55783 ranks in Duluth, MN-WI
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