Real Estate Investing in Kimball, Minnesota (55353)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55353 (Kimball, 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.
- High vacancy: 13.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kimball, MN (55353)?
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Market Analysis: 55353 Kimball
The 55353 ZIP in Kimball, MN is a local-operator market. Outside capital chasing a $362K entry has to pair deep knowledge with the discount.
For an experienced owner, 55353 can be a an appealing option for hunting ground — but the discount at $362K reflects genuine risk that outside investors often underestimate.
Within MN, ZIP 55353 trails on several market indicators that neighboring Stearns submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 55353 includes headwinds that any investor should price in. Income distribution skews lower than Kimball averages, and tenant stability requires active management.
Strategically, 55353 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 Kimball:
Property Strategy for 55353
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $288,773 | $1,040 | 2.6% | +6.8% | $144,386 |
| 3BR | $382,566 | $1,360 | 2.6% | +7.4% | $127,522 |
| 4BR | $418,703 | $1,620 | 2.8% | +7.1% | $104,676 |
Market Trends
Home Value History (with trend line)
📊 How Does 55353 Compare?
| Metric | 55353 | Kimball | Minnesota |
|---|---|---|---|
| Home Value | $361,634 | $361,634 | $340,597 |
| 5-Year CAGR | 4.4% | 4.4% | 4.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 2.0% | 2.0% | - |
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 55353 (Kimball, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $361,634 |
| Monthly Rent | $936 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.0%). 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 55353
Population: 3,273
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 55353
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.
Frequently Asked Questions
What kind of tenants rent in Kimball, MN?
The tenant pool in Kimball, MN is solid, supported by local employment and population fundamentals. Rents of $936/mo are well-absorbed by the market.
Is real estate in Kimball, MN a good investment right now?
Yes - Kimball, MN a 3.0/5 investability score. With $362K home prices against $936/mo monthly rent, the market delivers a reasonable entry point for new investors.
What price range are homes in Kimball, MN?
Expect median prices around $362K in Kimball, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Kimball, MN good for house hacking?
House hacking works a challenging in Kimball, MN. Rents of $936/mo against $362K acquisition make the strategy solid for owner-occupants.
Does Kimball, MN favor landlords or tenants?
MN law balanced for landlords, and Kimball inherits those rules. Investors should still review local ordinances for rental licensing.
You know 55353 now. You don’t know where it ranks.
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