Real Estate Investing in Saint Paul, Minnesota (55116)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55116 (Saint Paul, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 Saint Paul, MN (55116)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55116 Saint Paul
This part of Ramsey County is not an easy win. The 55116 ZIP registers 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 55116 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 55116 and stronger Saint Paul ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 55116 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Saint Paul's stable or hybrid ZIPs before stepping into 55116. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Saint Paul:
Property Strategy for 55116
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $180,546 | $1,410 | 5.6% | +2.6% | $180,546 |
| 2BR | $304,422 | $1,720 | 4.1% | +3.1% | $152,211 |
| 3BR | $434,764 | $2,280 | 3.8% | +3.5% | $144,921 |
| 4BR | $582,352 | $2,550 | 3.2% | +3.9% | $145,588 |
| 5BR | $772,557 | — | — | +4.7% | $154,511 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55116 Compare?
| Metric | 55116 | Saint Paul | Minnesota |
|---|---|---|---|
| Home Value | $464,388 | $262,186 | $340,597 |
| 5-Year CAGR | 3.0% | 1.7% | 4.9% |
| Avg Rent | $1,564 | $1,440 | - |
| Cap Rate | 2.6% | 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 55116 (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 | $464,388 |
| Monthly Rent | $1,564 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -3.5% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 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 55116
Population: 26,099
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 55116
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Global Arts Plus Lower
ADAMS MAGNET ELEMENTARY
Global Arts Plus Upper
GROVELAND PARK ELEMENTARY
LAURA JEFFREY ACADEMY CHARTER
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
How strong is Saint Paul, MN for real estate investors?
Our data puts Saint Paul, MN at 3.0/5 for investability. Home prices of $464K and rents around $1,564/mo create a solid backdrop for investor activity.
Is vacancy a concern in Saint Paul, MN?
Occupancy in Saint Paul, MN runs reliable with elevated vacancy. Well-priced units at $1,564/mo lease on reasonable timelines.
Which real estate strategy fits Saint Paul, MN?
Saint Paul, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($464K prices, $1,564/mo rents) make it a reasonable choice.
Can I house hack in Saint Paul, MN?
House hacking in Saint Paul, MN is a challenging. With home values around $464K and rents at $1,564/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Saint Paul, MN?
Investors in Saint Paul, MN typically see rents near $1,564/mo per month against $464K home values - a solid setup for rental cash flow.
You know 55116 now. You don’t know where it ranks.
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How 55116 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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