Real Estate Investing in Lakeville, Minnesota (55044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55044 (Lakeville, 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.
No major risk flags on the data we track.
What’s happening in Lakeville, MN (55044)?
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Market Analysis: 55044 Lakeville
Not every below-median market is a bargain. Lakeville's 55044 ZIP shows signals that favor experienced operators who can absorb the risk $519K pricing implies.
In practical terms, the numbers look inviting — $519K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55044 is substantial and deserves full respect.
Stepping back, 55044 offers a low basis, the region around Lakeville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 55044 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 55044 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lakeville:
Property Strategy for 55044
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $326,498 | $2,180 | 4.8% | +3.6% | $163,249 |
| 3BR | $414,090 | $2,890 | 5.0% | +4.2% | $138,030 |
| 4BR | $526,868 | $3,230 | 4.4% | +4.8% | $131,717 |
| 5BR | $618,397 | — | — | +5.0% | $123,679 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55044 Compare?
| Metric | 55044 | Lakeville | Minnesota |
|---|---|---|---|
| Home Value | $519,180 | $519,180 | $340,597 |
| 5-Year CAGR | 2.5% | 2.5% | 4.9% |
| Avg Rent | $2,074 | $2,074 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 55044 (Lakeville, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $519,180 |
| Monthly Rent | $2,074 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 55044
Population: 63,280
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 55044
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 4,017 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Lakeville, MN?
Typical homes in Lakeville, MN go for around $519K. The 5-year CAGR of 0.0% even-keeled price movement.
How tight is the rental market in Lakeville, MN?
Vacancy in Lakeville, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,074/mo.
Is real estate in Lakeville, MN a good investment right now?
Our data puts Lakeville, MN at 3.0/5 for investability. Home prices of $519K and rents around $2,074/mo create a solid backdrop for investor activity.
What type of investing works in Lakeville, MN?
Most investors in Lakeville, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the tenant pool like in Lakeville, MN?
Lakeville, MN draws a steady base of working renters. Demand at the $2,074/mo rent level is reasonable for standard single-family and small multi rentals.
You know 55044 now. You don’t know where it ranks.
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How 55044 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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