Real Estate Investing in Saint Paul, Minnesota (55102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55102 (Saint Paul, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
What’s happening in Saint Paul, MN (55102)?
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Market Analysis: 55102 Saint Paul
The 55102 ZIP covers a section of Saint Paul that demands careful diligence. Prices near $289K look accessible, but the work to make a deal cash flow is real.
The 55102 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 55102 and stronger Saint Paul ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 55102 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears 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 Saint Paul:
Property Strategy for 55102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $163,753 | $1,450 | 6.4% | +2.0% | $163,753 |
| 2BR | $270,868 | $1,770 | 4.7% | +2.5% | $135,434 |
| 3BR | $303,273 | $2,340 | 5.6% | +3.2% | $101,091 |
| 4BR | $340,522 | $2,620 | 5.5% | +3.0% | $85,130 |
| 5BR | $740,876 | — | — | +4.0% | $148,175 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55102 Compare?
| Metric | 55102 | Saint Paul | Minnesota |
|---|---|---|---|
| Home Value | $288,977 | $262,186 | $340,597 |
| 5-Year CAGR | 1.8% | 1.7% | 4.9% |
| Avg Rent | $1,641 | $1,440 | - |
| Cap Rate | 4.4% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55102 (Saint Paul, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55102 (Saint Paul, MN)?
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Property managers serving Ramsey County
Manage rentals here? List your business →Property Care provides HOA Management services. summary from their website
Simply Residential Property Management offers expert management of single-family, condominiums, and multi-family dwellings throughout the Twin Cities. summary from their website
Spire Community Management provides HOA management services in Minnesota, with a local phone number for the state. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $288,977 |
| Monthly Rent | $1,641 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +2.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 55102
Population: 19,565
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 55102
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 3,974 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Saint Paul, MN for real estate investors?
The 3.0/5 investability rating in Saint Paul, MN reflects its $289K prices and $1,641/mo rents. Investors generally consider it a solid option within MN.
Are tenants stable in Saint Paul, MN?
Saint Paul, MN offers a measured renter base at the $1,641/mo rent level. Tenant turnover is reasonable for well-managed properties.
How quickly do rentals get leased in Saint Paul, MN?
Rental vacancy in Saint Paul, MN is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Saint Paul, MN?
Saint Paul, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Where do rents currently stand in Saint Paul, MN?
Average rent in Saint Paul, MN is approximately $1,641/mo per month. Against $289K home values that yields a reasonable rent-to-price ratio.
You know 55102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55102 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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