Real Estate Investing in Eden Prairie, Minnesota (55347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55347 (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 (55347)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55347 Eden Prairie
Put differently, ZIP 55347 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $576K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 55347 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Stepping back, 55347 offers a low basis, the region around Eden Prairie has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 55347 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 55347 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Eden Prairie:
Property Strategy for 55347
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $277,712 | $2,370 | 6.1% | +3.7% | $138,856 |
| 3BR | $445,715 | $3,140 | 5.1% | +4.7% | $148,572 |
| 4BR | $599,084 | $3,510 | 4.2% | +5.4% | $149,771 |
| 5BR | $788,472 | — | — | +6.0% | $157,694 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55347 Compare?
| Metric | 55347 | Eden Prairie | Minnesota |
|---|---|---|---|
| Home Value | $575,648 | $473,251 | $340,597 |
| 5-Year CAGR | 3.3% | 2.7% | 4.9% |
| Avg Rent | $2,084 | $1,947 | - |
| Cap Rate | 2.8% | 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 55347 (Eden Prairie, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55347 (Eden Prairie, MN)?
~25 seconds · no account needed · your report is anonymous
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 | $575,648 |
| Monthly Rent | $2,084 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | -8.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 55347
Population: 30,467
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 55347
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
Investor Insight: With 3,001 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Eden Prairie, MN a good investment right now?
Eden Prairie, MN rates 3.0/5 for investability. With median values at $576K and rents near $2,084/mo, the market offers reasonable fundamentals for rental investors.
What is the typical rental rate in Eden Prairie, MN?
The typical rental in Eden Prairie, MN commands about $2,084/mo monthly. That rent profile stable cash flow against the $576K purchase basis.
How much should I expect to pay for a home in Eden Prairie, MN?
Typical homes in Eden Prairie, MN go for around $576K. The 5-year CAGR of 0.0% reliable price movement.
Does house hacking work in Eden Prairie, MN?
House hacking works a challenging in Eden Prairie, MN. Rents of $2,084/mo against $576K acquisition make the strategy solid for owner-occupants.
Are there empty rentals 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 $2,084/mo.
You know 55347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55347 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55347 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55347 (Eden Prairie)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55347 (Eden Prairie, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.