Real Estate Investing in Minneapolis, Minnesota (55413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55413 (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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
What’s happening in Minneapolis, MN (55413)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55413 Minneapolis
Not every below-median market is a bargain. Minneapolis's 55413 ZIP comes in at signals that favor experienced operators who can absorb the risk $329K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 55413 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MN, ZIP 55413 trails on several market indicators that neighboring Hennepin County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 55413 includes headwinds that any investor should price in. Income distribution skews lower than Minneapolis averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 55413, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Minneapolis:
Property Strategy for 55413
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $225,467 | $1,500 | 4.8% | -0.5% | $225,467 |
| 2BR | $333,258 | $1,830 | 4.0% | +0.5% | $166,629 |
| 3BR | $365,897 | $2,420 | 4.8% | +2.6% | $121,966 |
| 4BR | $398,698 | $2,710 | 4.9% | +3.2% | $99,675 |
| 5BR | $446,351 | — | — | +2.7% | $89,270 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55413 Compare?
| Metric | 55413 | Minneapolis | Minnesota |
|---|---|---|---|
| Home Value | $329,199 | $291,832 | $340,597 |
| 5-Year CAGR | 1.1% | 1.0% | 4.9% |
| Avg Rent | $1,784 | $1,706 | - |
| Cap Rate | 4.2% | 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 55413 (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 | $329,199 |
| Monthly Rent | $1,784 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 55413
Population: 14,328
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 55413
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 4,006 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Minneapolis, MN a good investment right now?
Yes - Minneapolis, MN a 3.0/5 investability score. With $329K home prices against $1,784/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the rental occupancy rate in Minneapolis, MN?
Minneapolis, MN carries elevated vacancy risk. Expect consistent absorption at market rents of $1,784/mo.
Is MN a landlord-friendly state?
Minneapolis, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Is Minneapolis, MN suited for a house hack?
Minneapolis, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $329K price point reasonable to enter.
What real estate strategy is ideal for Minneapolis, MN?
A careful cash-flow rentals with hands-on management strategy Minneapolis, MN best. The market produces steady results for that approach at the $329K price point.
You know 55413 now. You don’t know where it ranks.
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How 55413 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
Every ZIP in this metro, ranked. Free.
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