Real Estate Investing in Inver Grove Heights, Minnesota (55077)
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Should you buy in 55077 (Inver Grove Heights, MN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.
What’s happening in Inver Grove Heights, MN (55077)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55077 Inver Grove Heights
This part of Dakota County is not an easy win. The 55077 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55077 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55077's metrics run below Dakota County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 55077 ZIP's population of 14,585 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 55077 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Inver Grove Heights:
Property Strategy for 55077
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,747 | $1,760 | 4.5% | +3.5% | $141,373 |
| 3BR | $442,916 | $2,330 | 3.8% | +4.1% | $147,639 |
| 4BR | $603,947 | $2,610 | 3.1% | +4.7% | $150,987 |
| 5BR | $717,411 | — | — | +4.6% | $143,482 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55077 Compare?
| Metric | 55077 | Inver Grove Heights | Minnesota |
|---|---|---|---|
| Home Value | $563,649 | $448,845 | $340,597 |
| 5-Year CAGR | 2.3% | 2.2% | 4.9% |
| Avg Rent | $1,832 | $1,765 | - |
| Cap Rate | 2.5% | 3.3% | - |
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 55077 (Inver Grove Heights, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $563,649 |
| Monthly Rent | $1,832 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 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 55077
Population: 14,585
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 55077
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HILLTOP ELEMENTARY
INVER GROVE HEIGHTS MIDDLE
PINE BEND ELEMENTARY
199 Online High School
STEAM Academy Charter School
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 4,519 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Inver Grove Heights, MN?
The typical rental in Inver Grove Heights, MN commands about $1,832/mo monthly. That rent profile consistent cash flow against the $564K purchase basis.
Which real estate strategy fits Inver Grove Heights, MN?
Inver Grove Heights, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($564K prices, $1,832/mo rents) make it a reasonable choice.
How do home values compare in Inver Grove Heights, MN?
Median home price in Inver Grove Heights, MN is near $564K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Are landlord laws favorable in Inver Grove Heights, MN?
For rental operators, Inver Grove Heights, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Inver Grove Heights, MN?
The tenant pool in Inver Grove Heights, MN is solid, supported by local employment and population fundamentals. Rents of $1,832/mo are well-absorbed by the market.
You know 55077 now. You don’t know where it ranks.
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How 55077 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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