Real Estate Investing in Apple Valley, Minnesota (55124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55124 (Apple Valley, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Apple Valley, MN (55124)?
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Market Analysis: 55124 Apple Valley
This part of Dakota County is not an easy win. The 55124 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,916/mo on a $382K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55124 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 55124 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 55124 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 Apple Valley's stable or hybrid ZIPs before stepping into 55124. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Apple Valley:
Property Strategy for 55124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $139,149 | $1,610 | 8.3% | +3.5% | $139,149 |
| 2BR | $253,925 | $1,960 | 5.6% | +3.9% | $126,962 |
| 3BR | $354,831 | $2,590 | 5.3% | +4.3% | $118,277 |
| 4BR | $438,414 | $2,900 | 4.8% | +4.7% | $109,603 |
| 5BR | $527,813 | — | — | +5.1% | $105,563 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55124 Compare?
| Metric | 55124 | Apple Valley | Minnesota |
|---|---|---|---|
| Home Value | $381,775 | $381,775 | $340,597 |
| 5-Year CAGR | 2.7% | 2.7% | 4.9% |
| Avg Rent | $1,916 | $1,916 | - |
| Cap Rate | 3.9% | 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 55124 (Apple Valley, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $381,775 |
| Monthly Rent | $1,916 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 55124
Population: 55,675
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 55124
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 5,263 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Apple Valley in MN worth investing in?
Apple Valley, MN rates 3.0/5 for investability. With median values at $382K and rents near $1,916/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Apple Valley, MN?
The typical rental in Apple Valley, MN commands about $1,916/mo monthly. That rent profile steady cash flow against the $382K purchase basis.
What kind of tenants rent in Apple Valley, MN?
The renter base in Apple Valley, MN is reasonable for the $1,916/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is rental property easy to operate in Apple Valley, MN?
MN ranks as a balanced state for landlord-tenant law. Apple Valley generally follows the statewide framework, so landlords face reasonable operating rules.
What investment strategy works best in Apple Valley, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Apple Valley, MN. With home values at $382K and rents near $1,916/mo, other strategies can work but produce steady rather than outsized returns.
You know 55124 now. You don’t know where it ranks.
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How 55124 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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