Real Estate Investing in Corcoran, Minnesota (55340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55340 (Corcoran, 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.
No major risk flags on the data we track.
What’s happening in Corcoran, MN (55340)?
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Market Analysis: 55340 Corcoran
ZIP 55340 in Corcoran, MN carries a sturdy set of headwinds. Home values near $687K and rents of $2,800/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $687K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55340 is substantial and deserves full respect.
The gap between 55340 and stronger Corcoran ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 55340 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.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Corcoran:
Property Strategy for 55340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $463,141 | $2,040 | 3.2% | +3.8% | $231,571 |
| 3BR | $505,254 | $2,710 | 3.9% | +4.4% | $168,418 |
| 4BR | $746,292 | $3,040 | 2.9% | +5.5% | $186,573 |
| 5BR | $917,836 | — | — | +6.1% | $183,567 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55340 Compare?
| Metric | 55340 | Corcoran | Minnesota |
|---|---|---|---|
| Home Value | $686,514 | $686,514 | $340,597 |
| 5-Year CAGR | 3.3% | 3.3% | 4.9% |
| Avg Rent | $2,800 | $2,800 | - |
| 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 55340 (Corcoran, MN). Anonymous, moderated, never written by AI.
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Property managers serving Hennepin County
Manage rentals here? List your business →JJS Property Management of Central Minnesota offers a wide choice of apartments in various areas including Avon, Buffalo, Milaca, Monticello, Royalton, Sartell, Sauk Rapids, St. Cloud, and St. Joseph. summary from their website
MGM Property Management, LLC provides property management services for rental properties, homeowner associations, and commercial tenants in the Twin Cities, Rochester, and St. Cloud areas. 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
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 | $686,514 |
| Monthly Rent | $2,800 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 55340
Population: 9,776
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
🎓 Nearby Colleges & Universities
Investor Insight: With 6,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Corcoran, MN make sense for an investment property?
The 3.0/5 investability rating in Corcoran, MN reflects its $687K prices and $2,800/mo rents. Investors generally consider it a solid option within MN.
What investment strategy works best in Corcoran, MN?
Most investors in Corcoran, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much rent can I charge in Corcoran, MN?
Corcoran, MN rentals go for roughly $2,800/mo a month. That puts gross yield in solid territory relative to $687K acquisition costs.
How high is vacancy risk in Corcoran, MN?
Vacancy risk in Corcoran, MN is elevated. That supports predictable cash flow for typical rental holds.
Does house hacking make sense in Corcoran, MN?
House hacking in Corcoran, MN is reasonable to execute. Prices around $687K and rents of $2,800/mo solid owner-occupant economics.
You know 55340 now. You don’t know where it ranks.
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How 55340 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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