Real Estate Investing in Mahtomedi, Minnesota (55115)
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Should you buy in 55115 (Mahtomedi, 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.
No major risk flags on the data we track.
What’s happening in Mahtomedi, MN (55115)?
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Market Analysis: 55115 Mahtomedi
Stepping back, ZIP 55115 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $516K median. It rewards specialists, not generalists.
The investment case in 55115 is significant only for operators who understand what they are buying. A $516K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 55115 and stronger Mahtomedi ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 55115 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 55115 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 Mahtomedi:
Property Strategy for 55115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $339,109 | $2,150 | 4.6% | +4.4% | $169,555 |
| 3BR | $429,220 | $2,850 | 4.8% | +4.7% | $143,073 |
| 4BR | $553,624 | $3,180 | 4.1% | +5.4% | $138,406 |
| 5BR | $692,988 | — | — | +5.6% | $138,598 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55115 Compare?
| Metric | 55115 | Mahtomedi | Minnesota |
|---|---|---|---|
| Home Value | $516,416 | $516,416 | $340,597 |
| 5-Year CAGR | 3.7% | 3.7% | 4.9% |
| Avg Rent | $1,900 | $1,900 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 55115 (Mahtomedi, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $516,416 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (2.9%). 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 55115
Population: 8,926
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 55115
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 4,133 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Mahtomedi, MN a good place for real estate investing?
The 3.0/5 investability rating in Mahtomedi, MN reflects its $516K prices and $1,900/mo rents. Investors generally consider it a solid option within MN.
Are eviction rules reasonable in Mahtomedi, MN?
Rental owners in Mahtomedi, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
How tight is the rental market in Mahtomedi, MN?
Mahtomedi, MN sees elevated vacancy, which is reasonable relative to the broader MN rental market.
Which investment style suits Mahtomedi, MN?
Most investors in Mahtomedi, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Where do rents currently stand in Mahtomedi, MN?
Rent in Mahtomedi, MN is around $1,900/mo. The resulting rent-to-value relationship with $516K pricing is reasonable for most investor models.
You know 55115 now. You don’t know where it ranks.
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How 55115 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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