Real Estate Investing in Annandale, Minnesota (55302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55302 (Annandale, 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.
- High vacancy: 22.9% of homes vacant — above national norms.
What’s happening in Annandale, MN (55302)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55302 Annandale
ZIP 55302 in Annandale, MN carries a resilient set of headwinds. Home values near $418K and rents of $1,720/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $418K asset, 55302 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 55302 sits on the difficult end of the MN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 55302 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 55302 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Annandale:
Property Strategy for 55302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $358,395 | $1,520 | 3.1% | +7.7% | $179,197 |
| 3BR | $413,198 | $2,020 | 3.5% | +7.1% | $137,733 |
| 4BR | $452,162 | $2,270 | 3.6% | +7.0% | $113,041 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55302 Compare?
| Metric | 55302 | Annandale | Minnesota |
|---|---|---|---|
| Home Value | $417,950 | $417,950 | $340,597 |
| 5-Year CAGR | 5.0% | 5.0% | 4.9% |
| Avg Rent | $1,720 | $1,720 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 55302 (Annandale, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55302 (Annandale, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $417,950 |
| Monthly Rent | $1,720 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 55302
Population: 7,348
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 55302
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.
Frequently Asked Questions
What are home prices like in Annandale, MN?
Typical homes in Annandale, MN go for around $418K. The 5-year CAGR of 0.0% steady price movement.
Is Annandale, MN good for house hacking?
House hacking in Annandale, MN is reasonable to execute. Prices around $418K and rents of $1,720/mo solid owner-occupant economics.
Is rental property easy to operate in Annandale, MN?
Annandale, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Annandale, MN?
Investors in Annandale, MN typically see rents near $1,720/mo per month against $418K home values - a solid setup for rental cash flow.
Is the tenant base reliable in Annandale, MN?
Annandale, MN draws a measured base of working renters. Demand at the $1,720/mo rent level is reasonable for standard single-family and small multi rentals.
You know 55302 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55302 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 55302 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55302 (Annandale)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55302 (Annandale, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.