Real Estate Investing in Duluth, Minnesota (55811)
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Should you buy in 55811 (Duluth, 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.
What’s happening in Duluth, MN (55811)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55811 Duluth
ZIP 55811 inside Saint Louis County looks affordable on the surface — median value of $367K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55811 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55811's metrics run below Saint Louis County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 55811 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. robust returns are possible in 55811, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Duluth:
Property Strategy for 55811
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $201,531 | $1,250 | 4.5% | +7.5% | $201,531 |
| 2BR | $285,442 | $1,570 | 4.0% | +7.6% | $142,721 |
| 3BR | $342,565 | $2,150 | 4.5% | +7.2% | $114,188 |
| 4BR | $441,687 | $2,630 | 4.3% | +7.2% | $110,422 |
| 5BR | $578,211 | — | — | +7.8% | $115,642 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55811 Compare?
| Metric | 55811 | Duluth | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $366,514 | $278,655 | N/A | $340,597 |
| 5-Year CAGR | 5.9% | 6.2% | N/A | 4.9% |
| Avg Rent | $2,002 | $1,528 | N/A | - |
| Cap Rate | 4.3% | 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 55811 (Duluth, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,514 |
| Monthly Rent | $2,002 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 55811
Population: 27,907
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 55811
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 3,531 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Duluth, MN make sense for an investment property?
Duluth, MN reports an investability rating of 3.0/5, with median home values near $367K and average rents around $2,002/mo. That combination puts it in the notable tier for investor interest.
What kind of tenants rent in Duluth, MN?
Tenant demand in Duluth, MN is solid. The local workforce $2,002/mo rents across most rental classes.
What monthly rent should investors expect in Duluth, MN?
Duluth, MN rentals go for roughly $2,002/mo a month. That puts gross yield in solid territory relative to $367K acquisition costs.
What is the rental occupancy rate in Duluth, MN?
Expect elevated vacancy in Duluth, MN. Rents at $2,002/mo are absorbed by the tenant base without meaningful lag.
What real estate strategy is ideal for Duluth, MN?
The best-fit strategy in Duluth, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 55811 now. You don’t know where it ranks.
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How 55811 ranks in Duluth, MN-WI
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