Real Estate Investing in Minnetonka, Minnesota (55345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55345 (Minnetonka, 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 Minnetonka, MN (55345)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55345 Minnetonka
Not every below-median market is a bargain. Minnetonka's 55345 ZIP reports signals that favor experienced operators who can absorb the risk $546K pricing implies.
The investment case in 55345 is resilient only for operators who understand what they are buying. A $546K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Minnetonka have seen price recovery that 55345 has not matched. Hennepin County data supports the view that the spread is structural rather than temporary.
The 55345 ZIP's population of 21,255 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 55345 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Minnetonka:
Property Strategy for 55345
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $330,517 | $1,920 | 4.2% | +2.9% | $165,258 |
| 3BR | $460,132 | $2,540 | 4.0% | +5.0% | $153,377 |
| 4BR | $580,033 | $2,840 | 3.5% | +5.6% | $145,008 |
| 5BR | $718,901 | — | — | +5.9% | $143,780 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55345 Compare?
| Metric | 55345 | Minnetonka | Minnesota |
|---|---|---|---|
| Home Value | $545,662 | $506,964 | $340,597 |
| 5-Year CAGR | 3.8% | 3.4% | 4.9% |
| Avg Rent | $2,051 | $2,010 | - |
| Cap Rate | 2.9% | 3.1% | - |
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 55345 (Minnetonka, 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 | $545,662 |
| Monthly Rent | $2,051 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 55345
Population: 21,255
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 55345
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FOREST HILLS ELEMENTARY
PRAIRIE VIEW ELEMENTARY
EDEN PRAIRIE SENIOR HIGH
ALC - Eden Prairie HS - IS EY
ALC EDEN PRAIRIE HS-IS
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 3,001 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Minnetonka in MN worth investing in?
Our data puts Minnetonka, MN at 3.0/5 for investability. Home prices of $546K and rents around $2,051/mo create a solid backdrop for investor activity.
How much do tenants pay in Minnetonka, MN?
Expect rents around $2,051/mo per month in Minnetonka, MN. With home values at $546K, the yield math works out to reasonable levels for rental investors.
Are renters plentiful in Minnetonka, MN?
Working renters make up the core of the Minnetonka, MN tenant base. The pool is reasonable for investors targeting long-term holds.
How landlord-friendly is Minnetonka, MN?
Landlord-friendliness in Minnetonka, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How do experienced investors play Minnetonka, MN?
The best-fit strategy in Minnetonka, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 55345 now. You don’t know where it ranks.
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How 55345 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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