Real Estate Investing in Fairfax, Minnesota (55332)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55332 (Fairfax, 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.
- Elevated vacancy: 11.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fairfax, MN (55332)?
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Market Analysis: 55332 Fairfax
This part of Renville County is not an easy win. The 55332 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 55332 can be a worth a close look for hunting ground — but the discount at $191K reflects genuine risk that outside investors often underestimate.
The gap between 55332 and stronger Fairfax ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From a cash-flow lens, 1,714 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 55332 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 Fairfax:
Market Trends
Home Value History (with trend line)
📊 How Does 55332 Compare?
| Metric | 55332 | Fairfax | Mankato, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $191,084 | $191,084 | N/A | $340,597 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55332 (Fairfax, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,084 |
| Monthly Rent | $954 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.9%). 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 55332
Population: 1,714
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
Frequently Asked Questions
What do landlords charge for rent in Fairfax, MN?
Investors in Fairfax, MN typically see rents near $954/mo per month against $191K home values - a solid setup for rental cash flow.
Does house hacking make sense in Fairfax, MN?
For house hackers, Fairfax, MN is a challenging. The $954/mo rent on a unit helps defray the mortgage on a $191K property.
Do landlords face vacancy issues in Fairfax, MN?
Fairfax, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Fairfax, MN real estate?
Fairfax, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($191K prices, $954/mo rents) make it a reasonable choice.
Is Fairfax, MN a good market for buy-and-hold investors?
Fairfax, MN scores 3.0/5 for investability. Home values sit at $191K and rents near $954/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 55332 now. You don’t know where it ranks.
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How 55332 ranks in Mankato, MN
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