Housing market/Minnesota/ZIP 55720
ZIP 55720 Cloquet, Minnesota
Duluth, MN-WI MSA · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 55720 · MN — sent to you.
ZIP 55720 · MN
ACS rent vs 2BR SAFMR
ZIP 55720 — Cloquet, MN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 55720
- 1-unit detached5,83075.9%
- 1-unit attached2653.4%
- 2–4 units2763.6%
- 5–49 units80310.5%
- 50+ units1171.5%
- Mobile3925.1%
2–4 unit share 3.6% · 5–49 unit share 10.4% · combined 2–49 14.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $976 (all bedrooms, occupied rentals).
- Median contract rent $855.
- Renters paying ≥30% of income 39.1%; ≥50% 16.9%.
- FY2027 2BR SAFMR $1,220 (1.250× ACS median gross rent).
Population
17,480 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +3.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 6 projects, 245 units.
- HUD project-based assisted MF: 2 properties, 121 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 55 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 55720 28.8% of occupied households are renters; vacancy is 7.2%; ACS median gross rent is $976; population increased +3.1% between the 2018 and 2023 ACS vintages; the housing stock includes 276 units in 2–4-unit structures and 803 units in 5–49-unit structures; 6 LIHTC projects totaling 245 units; FY2027 2BR SAFMR is $1,220 versus ACS median gross rent of $976. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Minnesota research
ZIP 55720 is a Census / HUD profile for Duluth, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 55720 — Cloquet, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 55720?
ZIP 55720 (Duluth, MN-WI MSA) has 17,480 residents, 7,136 households, a renter share of 28.8%, median household income of $66,399, and ACS 2023 median gross rent of $976. Vacancy is 7.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 55720?
ACS counts 96 units in 2-unit buildings, 180 in 3–4 unit buildings, 117 in 5–9, 323 in 10–19, and 363 in 20–49. Combined 2–49 unit stock is 1,079 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 55720?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,220. See the full schedule and 90–110% payment-standard band on the ZIP 55720 — Cloquet, MN HUD Section 8 Payment Standards / SAFMR.
Does this Minnesota ZIP profile include Georgia listings?
No. ZIP 55720 is Census / HUD research for Duluth, MN-WI MSA. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.