Real Estate Investing in Wright, Minnesota (55798)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55798 (Wright, 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: 49.6% 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 Wright, MN (55798)?
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Market Analysis: 55798 Wright
In practical terms, ZIP 55798 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $251K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $251K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55798 is substantial and deserves full respect.
Stepping back, 55798 offers a low basis, the region around Wright has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Stepping back, 611 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 55798 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 Wright:
Market Trends
Home Value History (with trend line)
📊 How Does 55798 Compare?
| Metric | 55798 | Wright | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $250,864 | $250,864 | N/A | $340,597 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55798 (Wright, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,864 |
| Monthly Rent | $927 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.9%). 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 55798
Population: 611
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
How tight is the rental market in Wright, MN?
Wright, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
What is the best play in Wright, MN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Wright, MN. The numbers - $251K homes against $927/mo rents - support that play.
What is it like being a landlord in Wright, MN?
The landlord environment in Wright, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
Is Wright, MN a good market for FHA house hackers?
The house hack math a challenging in Wright, MN. Owner-occupant buyers benefit from the $927/mo rents and $251K home values.
How does Wright, MN stack up for property investment?
The 3.0/5 investability rating in Wright, MN reflects its $251K prices and $927/mo rents. Investors generally consider it a solid option within MN.
You know 55798 now. You don’t know where it ranks.
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How 55798 ranks in Duluth, MN-WI
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