Real Estate Investing in Saint Paul, Minnesota (55105)
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Should you buy in 55105 (Saint Paul, 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 price-to-rent: Price-to-rent ratio 30.0 — hard to cash-flow at these prices.
What’s happening in Saint Paul, MN (55105)?
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Market Analysis: 55105 Saint Paul
ZIP 55105 inside Ramsey County looks affordable on the surface — median value of $482K — 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 $482K asset, 55105 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MN, ZIP 55105 trails on several market indicators that neighboring Ramsey County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 55105 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 55105 is an operator game, not a passive one. In practical terms, entry prices of $482K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Saint Paul:
Property Strategy for 55105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,481 | $1,350 | 7.1% | +1.9% | $136,481 |
| 2BR | $328,129 | $1,640 | 3.6% | +2.7% | $164,065 |
| 3BR | $441,723 | $2,170 | 3.5% | +3.0% | $147,241 |
| 4BR | $571,147 | $2,430 | 3.1% | +3.3% | $142,787 |
| 5BR | $843,910 | — | — | +3.9% | $168,782 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55105 Compare?
| Metric | 55105 | Saint Paul | Minnesota |
|---|---|---|---|
| Home Value | $482,108 | $262,186 | $340,597 |
| 5-Year CAGR | 2.4% | 1.7% | 4.9% |
| Avg Rent | $1,341 | $1,440 | - |
| Cap Rate | 2.2% | 3.9% | - |
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 55105 (Saint Paul, MN). Anonymous, moderated, never written by AI.
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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 | $482,108 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | -21.6% ▼ |
| 3-Year CAGR | -5.7% ▼ |
| 5-Year CAGR | -2.5% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 55105
Population: 27,470
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 55105
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BENJAMIN E MAYS MAGNET
EXPO FOR EXCELLENCE ELEMENTARY SCH
HIGHLAND PARK ELEMENTARY
MAXFIELD ELEMENTARY SCHOOL
SULLIVAN ELEMENTARY
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 2,257 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Saint Paul, MN?
Saint Paul, MN median home values land near $482K. That is reasonable territory for investors looking at $1,341/mo-per-month rentals.
Is Saint Paul in MN worth investing in?
Saint Paul, MN scores 3.0/5 for investability. Home values sit at $482K and rents near $1,341/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What investment strategy works best in Saint Paul, MN?
A careful cash-flow rentals with hands-on management strategy Saint Paul, MN best. The market produces steady results for that approach at the $482K price point.
Is MN a landlord-friendly state?
MN ranks as a balanced state for landlord-tenant law. Saint Paul generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of vacancy should I budget for in Saint Paul, MN?
Rental vacancy in Saint Paul, MN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 55105 now. You don’t know where it ranks.
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How 55105 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
Every ZIP in this metro, ranked. Free.
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