Real Estate Investing in Morristown, Minnesota (55052)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55052 (Morristown, 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: 16.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — 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 Morristown, MN (55052)?
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Market Analysis: 55052 Morristown
The 55052 ZIP covers a section of Morristown that demands careful diligence. Prices near $332K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 55052 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 55052 sits on the difficult end of the MN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 12% in 55052 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Morristown:
Property Strategy for 55052
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $286,021 | $1,210 | 3.0% | +5.9% | $143,011 |
| 3BR | $310,809 | $1,570 | 3.6% | +6.5% | $103,603 |
Market Trends
Home Value History (with trend line)
📊 How Does 55052 Compare?
| Metric | 55052 | Morristown | Faribault-Northfield, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $332,405 | $332,405 | N/A | $340,597 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55052 (Morristown, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $332,405 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.6%). 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 55052
Population: 1,894
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 55052
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
How much should I expect to pay for a home in Morristown, MN?
In Morristown, MN the median home value sits at $332K. Against the broader MN market, that reads as reasonable for most investors.
What do rentals go for in Morristown, MN?
The typical rental in Morristown, MN commands about $1,089/mo monthly. That rent profile stable cash flow against the $332K purchase basis.
How deep is the rental pool in Morristown, MN?
The renter base in Morristown, MN is reasonable for the $1,089/mo price point. Screening well and pricing to market typically yields reliable tenants.
Which real estate strategy fits Morristown, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Morristown, MN. With home values at $332K and rents near $1,089/mo, other strategies can work but produce even-keeled rather than outsized returns.
Are eviction rules reasonable in Morristown, MN?
MN law balanced for landlords, and Morristown inherits those rules. Investors should still review local ordinances for rental licensing.
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