Real Estate Investing in Zimmerman, Minnesota (55398)
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Should you buy in 55398 (Zimmerman, 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 Zimmerman, MN (55398)?
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Market Analysis: 55398 Zimmerman
Not every below-median market is a bargain. Zimmerman's 55398 ZIP shows signals that favor experienced operators who can absorb the risk $397K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 55398 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 55398 offers a low basis, the region around Zimmerman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 55398 ZIP's population of 17,768 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 55398 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 Zimmerman:
Property Strategy for 55398
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $235,319 | $1,320 | 4.0% | +5.1% | $235,319 |
| 2BR | $316,329 | $1,610 | 3.7% | +6.0% | $158,165 |
| 3BR | $374,353 | $2,130 | 4.1% | +6.1% | $124,784 |
| 4BR | $430,876 | $2,380 | 4.0% | +6.6% | $107,719 |
| 5BR | $489,549 | — | — | +6.9% | $97,910 |
Market Trends
Home Value History (with trend line)
📊 How Does 55398 Compare?
| Metric | 55398 | Zimmerman | Minnesota |
|---|---|---|---|
| Home Value | $396,796 | $396,796 | $340,597 |
| 5-Year CAGR | 3.9% | 3.9% | 4.9% |
| Avg Rent | $1,449 | $1,449 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 55398 (Zimmerman, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $396,796 |
| Monthly Rent | $1,449 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.9%). 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 55398
Population: 17,768
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 55398
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 is the investability score for Zimmerman, MN?
With a 3.0/5 investability score, Zimmerman, MN ranks as a solid market for rental property investors. Median prices of $397K and rents of $1,449/mo drive the underlying numbers.
How strong are rents in Zimmerman, MN?
Expect rents around $1,449/mo per month in Zimmerman, MN. With home values at $397K, the yield math works out to reasonable levels for rental investors.
Which investment style suits Zimmerman, MN?
In Zimmerman, MN the significant play is typically careful cash-flow rentals with hands-on management. The combination of $397K prices and $1,449/mo rents suits that approach.
Is Zimmerman, MN good for landlords?
Zimmerman, MN operates under MN law, which is balanced overall for landlords. Expect measured treatment in typical lease and eviction cases.
How expensive is real estate in Zimmerman, MN?
Homes in Zimmerman, MN typically sell near $397K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 55398 now. You don’t know where it ranks.
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How 55398 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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