Real Estate Investing in Tamarack, Minnesota (55787)
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Should you buy in 55787 (Tamarack, 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: 43.4% 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 Tamarack, MN (55787)?
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Market Analysis: 55787 Tamarack
Investors eyeing 55787 need to respect the fundamentals at play. Home values of $225K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55787 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55787's metrics run below Aitkin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 55787 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 55787 is an operator game, not a passive one. On balance, entry prices of $225K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Tamarack:
Market Trends
Home Value History (with trend line)
📊 How Does 55787 Compare?
| Metric | 55787 | Tamarack | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $225,310 | $225,310 | N/A | $340,597 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55787 (Tamarack, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,310 |
| Monthly Rent | $927 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.2%). 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 55787
Population: 585
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 is the typical vacancy rate in Tamarack, MN?
Expect elevated vacancy in Tamarack, MN. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
How qualified is the tenant pool in Tamarack, MN?
Tamarack, MN draws a stable base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Tamarack, MN?
Tamarack, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($225K prices, $927/mo rents) make it a reasonable choice.
Are eviction rules reasonable in Tamarack, MN?
Tamarack, MN operates under MN law, which is balanced overall for landlords. Expect steady treatment in typical lease and eviction cases.
What are home prices like in Tamarack, MN?
Homes in Tamarack, MN typically sell near $225K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
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