Real Estate Investing in Delano, Minnesota (55328)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55328 (Delano, 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 27.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Delano, MN (55328)?
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Market Analysis: 55328 Delano
In practical terms, ZIP 55328 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $443K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $443K asset, 55328 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 55328 offers a low basis, the region around Delano has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 55328 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Delano's stable or hybrid ZIPs before stepping into 55328. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Delano:
Property Strategy for 55328
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $333,925 | $1,520 | 3.3% | +5.7% | $166,963 |
| 3BR | $391,291 | $2,020 | 3.7% | +5.7% | $130,430 |
| 4BR | $471,687 | $2,270 | 3.5% | +5.0% | $117,922 |
| 5BR | $522,634 | — | — | +5.3% | $104,527 |
Market Trends
Home Value History (with trend line)
📊 How Does 55328 Compare?
| Metric | 55328 | Delano | Minnesota |
|---|---|---|---|
| Home Value | $443,218 | $443,218 | $340,597 |
| 5-Year CAGR | 2.7% | 2.7% | 4.9% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 55328 (Delano, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $443,218 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (2.4%). 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 55328
Population: 9,933
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 55328
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
Frequently Asked Questions
Can I live-in-and-rent in Delano, MN?
House hacking works a challenging in Delano, MN. Rents of $1,368/mo against $443K acquisition make the strategy solid for owner-occupants.
Is the tenant base reliable in Delano, MN?
Working renters make up the core of the Delano, MN tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for Delano, MN?
Delano, MN scores 3.0/5 for investability. Home values sit at $443K and rents near $1,368/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How quickly do rentals get leased in Delano, MN?
Occupancy in Delano, MN runs predictable with elevated vacancy. Well-priced units at $1,368/mo lease on reasonable timelines.
How strict are landlord regulations in Delano, MN?
MN law balanced for landlords, and Delano inherits those rules. Investors should still review local ordinances for rental licensing.
You know 55328 now. You don’t know where it ranks.
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How 55328 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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