Real Estate Investing in Duluth, Minnesota (55805)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55805 (Duluth, MN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in Duluth, MN (55805)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55805 Duluth
ZIP 55805 in Duluth, MN carries a healthy set of headwinds. Home values near $228K and rents of $1,317/mo sit inside a market where underwriting has to be tight.
The 55805 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MN, ZIP 55805 trails on several market indicators that neighboring Saint Louis County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 55805 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 55805 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Duluth:
Property Strategy for 55805
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,116 | $1,290 | 4.5% | +8.8% | $103,058 |
| 3BR | $215,115 | $1,770 | 5.9% | +7.9% | $71,705 |
| 4BR | $246,643 | $2,160 | 6.3% | +7.5% | $61,661 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55805 Compare?
| Metric | 55805 | Duluth | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $227,779 | $278,655 | N/A | $340,597 |
| 5-Year CAGR | 6.9% | 6.2% | N/A | 4.9% |
| Avg Rent | $1,317 | $1,528 | N/A | - |
| Cap Rate | 4.5% | 4.0% | - | - |
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 55805 (Duluth, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,779 |
| Monthly Rent | $1,317 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -12.4% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 55805
Population: 10,277
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 55805
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
LINCOLN PARK MIDDLE SCHOOL
CONGDON ELEMENTARY
ORDEAN EAST MIDDLE SCHOOL
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 2,991 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is MN a landlord-friendly state?
MN law balanced for landlords, and Duluth inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is tenant demand in Duluth, MN?
The tenant pool in Duluth, MN is solid, supported by local employment and population fundamentals. Rents of $1,317/mo are well-absorbed by the market.
How much should I expect to pay for a home in Duluth, MN?
Duluth, MN median home values land near $228K. That is reasonable territory for investors looking at $1,317/mo-per-month rentals.
What type of investing works in Duluth, MN?
In Duluth, MN the solid play is typically careful cash-flow rentals with hands-on management. The combination of $228K prices and $1,317/mo rents suits that approach.
What are rental rates like in Duluth, MN?
Rents in Duluth, MN run near $1,317/mo. Compared with median home prices of $228K that produces solid gross yields for typical rentals.
You know 55805 now. You don’t know where it ranks.
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How 55805 ranks in Duluth, MN-WI
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