Real Estate Investing in Orono, Minnesota (55356)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55356 (Orono, 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 price-to-rent: Price-to-rent ratio 27.6 — hard to cash-flow at these prices.
What’s happening in Orono, MN (55356)?
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Market Analysis: 55356 Orono
Meanwhile, ZIP 55356 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $817K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55356 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 55356's metrics run below Hennepin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 55356 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 55356 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 Orono:
Property Strategy for 55356
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $399,992 | $2,190 | 3.9% | +3.6% | $199,996 |
| 3BR | $538,389 | $2,900 | 3.9% | +4.5% | $179,463 |
| 4BR | $963,162 | $3,240 | 2.4% | +7.1% | $240,791 |
| 5BR | $1,558,802 | — | — | +7.9% | $311,760 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55356 Compare?
| Metric | 55356 | Orono | Minnesota |
|---|---|---|---|
| Home Value | $816,765 | $816,765 | $340,597 |
| 5-Year CAGR | 4.9% | 4.9% | 4.9% |
| Avg Rent | $2,465 | $2,465 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 55356 (Orono, 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 | $816,765 |
| Monthly Rent | $2,465 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.4%). 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 55356
Population: 5,924
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 55356
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 3,209 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking make sense in Orono, MN?
House hacking in Orono, MN is reasonable to execute. Prices around $817K and rents of $2,465/mo solid owner-occupant economics.
Are tenants stable in Orono, MN?
Working renters make up the core of the Orono, MN tenant base. The pool is reasonable for investors targeting long-term holds.
What is the average home sale price in Orono, MN?
Expect median prices around $817K in Orono, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is real estate in Orono, MN a good investment right now?
Orono, MN rates 3.0/5 for investability. With median values at $817K and rents near $2,465/mo, the market offers reasonable fundamentals for rental investors.
Is rental property easy to operate in Orono, MN?
The landlord environment in Orono, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
You know 55356 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55356 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 55356 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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