Real Estate Investing in Mora, Minnesota (55051)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55051 (Mora, 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: 15.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mora, MN (55051)?
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Market Analysis: 55051 Mora
ZIP 55051 inside Kanabec looks affordable on the surface — median value of $278K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $278K asset, 55051 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 55051 sits on the difficult end of the MN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 55051 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. significant returns are possible in 55051, 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 Mora:
Property Strategy for 55051
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $191,964 | $860 | 3.2% | +8.7% | $191,964 |
| 2BR | $239,400 | $990 | 3.0% | +8.0% | $119,700 |
| 3BR | $279,074 | $1,350 | 3.5% | +7.1% | $93,025 |
| 4BR | $318,893 | $1,660 | 3.7% | +6.5% | $79,723 |
| 5BR | $394,289 | — | — | — | $78,858 |
Market Trends
Home Value History (with trend line)
📊 How Does 55051 Compare?
| Metric | 55051 | Mora | Minnesota |
|---|---|---|---|
| Home Value | $278,211 | $278,211 | $340,597 |
| 5-Year CAGR | 4.7% | 4.7% | 4.9% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 55051 (Mora, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,211 |
| Monthly Rent | $891 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.5%). 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 55051
Population: 9,927
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 55051
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.
Frequently Asked Questions
Is Mora, MN a smart market for rental property?
Yes - Mora, MN a 3.0/5 investability score. With $278K home prices against $891/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong are rents in Mora, MN?
Expect rents around $891/mo per month in Mora, MN. With home values at $278K, the yield math works out to reasonable levels for rental investors.
How quickly do rentals get leased in Mora, MN?
Vacancy in Mora, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
Does a duplex house hack pencil in Mora, MN?
House hacking in Mora, MN is reasonable to execute. Prices around $278K and rents of $891/mo solid owner-occupant economics.
Is the tenant base reliable in Mora, MN?
Mora, MN offers a stable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
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