Real Estate Investing in Wrenshall, Minnesota (55797)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55797 (Wrenshall, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wrenshall, MN (55797)?
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Market Analysis: 55797 Wrenshall
ZIP 55797 in Wrenshall, MN carries a solid set of headwinds. Home values near $341K and rents of $1,242/mo sit inside a market where underwriting has to be tight.
Rent of $1,242/mo on a $341K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55797 sits below the stated 0.0% once reality is priced in.
Within MN, ZIP 55797 trails on several market indicators that neighboring Carlton County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 55797 includes headwinds that any investor should price in. Income distribution skews lower than Wrenshall averages, and tenant stability requires active management.
The 55797 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wrenshall:
Market Trends
Home Value History (with trend line)
📊 How Does 55797 Compare?
| Metric | 55797 | Wrenshall | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $340,990 | $340,990 | N/A | $340,597 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 4.9% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 55797 (Wrenshall, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,990 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.8%). 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 55797
Population: 1,372
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 55797
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 540 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Wrenshall, MN?
The typical rental in Wrenshall, MN commands about $1,242/mo monthly. That rent profile predictable cash flow against the $341K purchase basis.
Are tenants stable in Wrenshall, MN?
Tenant demand in Wrenshall, MN is solid. The local workforce $1,242/mo rents across most rental classes.
How does Wrenshall, MN rate as a rental market?
Yes - Wrenshall, MN a 3.0/5 investability score. With $341K home prices against $1,242/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Wrenshall, MN a good market for FHA house hackers?
For house hackers, Wrenshall, MN is a challenging. The $1,242/mo rent on a unit helps defray the mortgage on a $341K property.
What is the typical vacancy rate in Wrenshall, MN?
Vacancy risk in Wrenshall, MN is elevated. That supports consistent cash flow for typical rental holds.
You know 55797 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55797 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 55797 ranks in Duluth, MN-WI
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