Real Estate Investing in Waverly, Minnesota (55390)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55390 (Waverly, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Waverly, MN (55390)?
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Market Analysis: 55390 Waverly
Looking more closely, ZIP 55390 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $359K median. It rewards specialists, not generalists.
The 55390 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MN, ZIP 55390 trails on several market indicators that neighboring Wright County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 55390 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Waverly's stable or hybrid ZIPs before stepping into 55390. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Waverly:
Property Strategy for 55390
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $292,215 | $1,520 | 3.7% | +6.3% | $146,108 |
| 3BR | $345,926 | $2,020 | 4.2% | +5.5% | $115,309 |
| 4BR | $358,880 | $2,270 | 4.6% | +4.9% | $89,720 |
Market Trends
Home Value History (with trend line)
📊 How Does 55390 Compare?
| Metric | 55390 | Waverly | Minnesota |
|---|---|---|---|
| Home Value | $358,972 | $358,972 | $340,597 |
| 5-Year CAGR | 3.3% | 3.3% | 4.9% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 55390 (Waverly, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $358,972 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.0%). 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 55390
Population: 3,179
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 55390
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
How much does a house cost in Waverly, MN?
Waverly, MN median home values land near $359K. That is reasonable territory for investors looking at $1,368/mo-per-month rentals.
Can owner-occupants cash flow in Waverly, MN?
The a challenging house-hack environment in Waverly, MN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What investment strategy works best in Waverly, MN?
The best-fit strategy in Waverly, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is real estate in Waverly, MN a good investment right now?
Waverly, MN posts an investability rating of 3.0/5, with median home values near $359K and average rents around $1,368/mo. That combination puts it in the resilient tier for investor interest.
What is it like being a landlord in Waverly, MN?
Waverly, MN operates under MN law, which is balanced overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
You know 55390 now. You don’t know where it ranks.
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How 55390 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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