Real Estate Investing in Hill City, Minnesota (55748)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55748 (Hill City, 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: 37.8% 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 Hill City, MN (55748)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55748 Hill City
ZIP 55748 in Hill City, MN carries a resilient set of headwinds. Home values near $195K and rents of $891/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 55748 can be a worth a close look for hunting ground — but the discount at $195K reflects genuine risk that outside investors often underestimate.
The gap between 55748 and stronger Hill City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 55748 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems 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 Hill City:
Property Strategy for 55748
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,153 | $990 | 4.0% | — | $90,077 |
| 3BR | $218,459 | $1,360 | 4.5% | +8.6% | $72,820 |
Market Trends
Home Value History (with trend line)
📊 How Does 55748 Compare?
| Metric | 55748 | Hill City | Grand Rapids, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $195,012 | $195,012 | N/A | $340,597 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 4.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 55748 (Hill City, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55748 (Hill City, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $195,012 |
| Monthly Rent | $891 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.6%). 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 55748
Population: 1,429
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 55748
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.
Frequently Asked Questions
Is Hill City, MN a smart market for rental property?
Hill City, MN records an investability rating of 3.0/5, with median home values near $195K and average rents around $891/mo. That combination puts it in the robust tier for investor interest.
Is vacancy a concern in Hill City, MN?
Occupancy in Hill City, MN runs predictable with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
How qualified is the tenant pool in Hill City, MN?
Working renters make up the core of the Hill City, MN tenant base. The pool is reasonable for investors targeting long-term holds.
Can I house hack in Hill City, MN?
The house hack math a challenging in Hill City, MN. Owner-occupant buyers benefit from the $891/mo rents and $195K home values.
Where do rents currently stand in Hill City, MN?
Rent in Hill City, MN is around $891/mo. The resulting rent-to-value relationship with $195K pricing is reasonable for most investor models.
You know 55748 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55748 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55748 ranks in Grand Rapids, MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55748 (Hill City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55748 (Hill City, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.