Real Estate Investing in Minneapolis, Minnesota (55403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55403 (Minneapolis, MN)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -2.9% 5-year CAGR — values have moved lower.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
What’s happening in Minneapolis, MN (55403)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55403 Minneapolis
ZIP 55403 in Minneapolis, MN carries a resilient set of headwinds. Home values near $208K and rents of $1,440/mo sit inside a market where underwriting has to be tight.
The 55403 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 55403 sits on the difficult end of the MN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 17,354 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Minneapolis's stable or hybrid ZIPs before stepping into 55403. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Minneapolis:
Property Strategy for 55403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $152,483 | $1,400 | 6.6% | -3.5% | $152,483 |
| 2BR | $277,078 | $1,700 | 4.4% | -4.9% | $138,539 |
| 3BR | $542,379 | $2,250 | 3.0% | -0.7% | $180,793 |
| 4BR | $1,020,208 | $2,520 | 1.8% | +2.5% | $255,052 |
| 5BR | $1,253,532 | — | — | +2.5% | $250,706 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55403 Compare?
| Metric | 55403 | Minneapolis | Minnesota |
|---|---|---|---|
| Home Value | $207,594 | $291,832 | $340,597 |
| 5-Year CAGR | N/A | 1.0% | 4.9% |
| Avg Rent | $1,440 | $1,706 | - |
| Cap Rate | 5.4% | 4.3% | - |
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 55403 (Minneapolis, 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 | $207,594 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 2.5% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | -2.9% ▼ |
| 10-Year CAGR | +0.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 55403
Population: 17,354
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 55403
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BRYN MAWR ELEMENTARY
LYNDALE ELEMENTARY
Marcy Elementary
North High
Whittier Elementary
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 3,134 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Minneapolis, MN?
The 3.0/5 investability rating in Minneapolis, MN reflects its $208K prices and $1,440/mo rents. Investors generally consider it a solid option within MN.
What is the typical rental rate in Minneapolis, MN?
Rent in Minneapolis, MN is around $1,440/mo. The resulting rent-to-value relationship with $208K pricing is reasonable for most investor models.
How strong is tenant demand in Minneapolis, MN?
Expect a solid tenant pool in Minneapolis, MN. The rental market absorbs $1,440/mo rents without meaningful friction.
How much does a house cost in Minneapolis, MN?
The median home value in Minneapolis, MN is roughly $208K. That puts it reasonable relative to the MN statewide average.
How quickly do rentals get leased in Minneapolis, MN?
Vacancy in Minneapolis, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,440/mo.
You know 55403 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55403 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 55403 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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