Real Estate Investing in Savage, Minnesota (55378)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55378 (Savage, 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 Savage, MN (55378)?
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Market Analysis: 55378 Savage
The 55378 ZIP covers a section of Savage that demands careful diligence. Prices near $440K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $440K asset, 55378 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 55378 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 55378 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 55378 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Savage:
Property Strategy for 55378
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,015 | $2,040 | 4.9% | +4.4% | $151,007 |
| 3BR | $382,268 | $2,700 | 5.1% | +4.2% | $127,423 |
| 4BR | $468,318 | $3,020 | 4.6% | +4.9% | $117,080 |
| 5BR | $571,807 | — | — | +5.4% | $114,361 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55378 Compare?
| Metric | 55378 | Savage | Minnesota |
|---|---|---|---|
| Home Value | $439,619 | $439,619 | $340,597 |
| 5-Year CAGR | 2.7% | 2.7% | 4.9% |
| Avg Rent | $1,984 | $1,984 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 55378 (Savage, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $439,619 |
| Monthly Rent | $1,984 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 55378
Population: 32,072
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 55378
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 4,017 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Savage, MN?
Typical homes in Savage, MN go for around $440K. The 5-year CAGR of 0.0% predictable price movement.
How strong is the working-renter base in Savage, MN?
The renter base in Savage, MN is reasonable for the $1,984/mo price point. Screening well and pricing to market typically yields consistent tenants.
How does Savage, MN stack up for property investment?
Yes - Savage, MN a 3.0/5 investability score. With $440K home prices against $1,984/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is it like being a landlord in Savage, MN?
MN law balanced for landlords, and Savage inherits those rules. Investors should still review local ordinances for rental licensing.
Does house hacking work in Savage, MN?
House hacking works a challenging in Savage, MN. Rents of $1,984/mo against $440K acquisition make the strategy solid for owner-occupants.
You know 55378 now. You don’t know where it ranks.
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How 55378 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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