Real Estate Investing in Eden Prairie, Minnesota (55346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55346 (Eden Prairie, 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 Eden Prairie, MN (55346)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55346 Eden Prairie
This part of Hennepin County is not an easy win. The 55346 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 55346 can be a a viable market for hunting ground — but the discount at $495K reflects genuine risk that outside investors often underestimate.
The gap between 55346 and stronger Eden Prairie ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 55346 includes headwinds that any investor should price in. Income distribution skews lower than Eden Prairie averages, and tenant stability requires active management.
The 55346 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 Eden Prairie:
Property Strategy for 55346
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,367 | $2,260 | 6.3% | +3.3% | $128,684 |
| 3BR | $440,535 | $2,990 | 4.9% | +4.9% | $146,845 |
| 4BR | $519,369 | $3,350 | 4.6% | +5.1% | $129,842 |
| 5BR | $622,898 | — | — | +5.5% | $124,580 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55346 Compare?
| Metric | 55346 | Eden Prairie | Minnesota |
|---|---|---|---|
| Home Value | $494,961 | $473,251 | $340,597 |
| 5-Year CAGR | 3.2% | 2.7% | 4.9% |
| Avg Rent | $2,023 | $1,947 | - |
| Cap Rate | 3.2% | 3.3% | - |
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 55346 (Eden Prairie, 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 | $494,961 |
| Monthly Rent | $2,023 |
| 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 | +5.4% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 55346
Population: 18,602
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 55346
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GATEWOOD ELEMENTARY
EDEN LAKE ELEMENTARY
Eden Prairie Online Secondary
GLEN LAKE ELEMENTARY
Eden Prairie Online Elementary
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
What is the best play in Eden Prairie, MN?
Eden Prairie, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($495K prices, $2,023/mo rents) make it a reasonable choice.
What are vacancy rates like in Eden Prairie, MN?
Vacancy in Eden Prairie, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,023/mo.
How does Eden Prairie, MN rate as a rental market?
Eden Prairie, MN scores 3.0/5 for investability. Home values sit at $495K and rents near $2,023/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Eden Prairie, MN?
For rental operators, Eden Prairie, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
What kind of tenants rent in Eden Prairie, MN?
Eden Prairie, MN offers a steady renter base at the $2,023/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 55346 now. You don’t know where it ranks.
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How 55346 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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