Real Estate Investing in Minneapolis, Minnesota (55409)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55409 (Minneapolis, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in Minneapolis, MN (55409)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55409 Minneapolis
The 55409 ZIP in Minneapolis, MN is a local-operator market. Outside capital chasing a $382K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 55409 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MN picture, 55409 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 55409 ZIP's population of 11,405 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Minneapolis:
Property Strategy for 55409
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $159,798 | $1,360 | 6.1% | +0.1% | $159,798 |
| 2BR | $278,003 | $1,650 | 4.3% | +1.7% | $139,001 |
| 3BR | $384,397 | $2,180 | 4.1% | +2.5% | $128,132 |
| 4BR | $490,236 | $2,440 | 3.6% | +3.1% | $122,559 |
| 5BR | $597,102 | — | — | +3.1% | $119,420 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55409 Compare?
| Metric | 55409 | Minneapolis | Minnesota |
|---|---|---|---|
| Home Value | $381,600 | $291,832 | $340,597 |
| 5-Year CAGR | 1.9% | 1.0% | 4.9% |
| Avg Rent | $1,536 | $1,706 | - |
| Cap Rate | 3.1% | 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 55409 (Minneapolis, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55409 (Minneapolis, MN)?
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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 | $381,600 |
| Monthly Rent | $1,536 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | -7.1% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 55409
Population: 11,405
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 55409
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BRYN MAWR ELEMENTARY
LYNDALE ELEMENTARY
Whittier Elementary
BANCROFT ELEMENTARY
Ella Baker 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 smart move for investors in Minneapolis, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Minneapolis, MN. With home values at $382K and rents near $1,536/mo, other strategies can work but produce stable rather than outsized returns.
What is it like being a landlord in Minneapolis, MN?
Landlord-friendliness in Minneapolis, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Minneapolis, MN a good place for real estate investing?
With a 2.0/5 investability score, Minneapolis, MN ranks as a solid market for rental property investors. Median prices of $382K and rents of $1,536/mo drive the underlying numbers.
How deep is the rental pool in Minneapolis, MN?
Working renters make up the core of the Minneapolis, MN tenant base. The pool is reasonable for investors targeting long-term holds.
What do rentals go for in Minneapolis, MN?
Rents in Minneapolis, MN run near $1,536/mo. Compared with median home prices of $382K that produces solid gross yields for typical rentals.
You know 55409 now. You don’t know where it ranks.
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How 55409 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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