Real Estate Investing in Bloomington, Minnesota (55420)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55420 (Bloomington, 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.
What’s happening in Bloomington, MN (55420)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55420 Bloomington
This part of Hennepin County is not an easy win. The 55420 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 55420 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 55420 and stronger Bloomington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 55420 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 55420 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bloomington:
Property Strategy for 55420
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $183,586 | $1,310 | 5.1% | -0.5% | $183,586 |
| 2BR | $285,123 | $1,590 | 4.0% | +4.4% | $142,561 |
| 3BR | $328,609 | $2,100 | 4.6% | +4.2% | $109,536 |
| 4BR | $368,718 | $2,350 | 4.6% | +4.1% | $92,180 |
| 5BR | $399,914 | — | — | +4.0% | $79,983 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55420 Compare?
| Metric | 55420 | Bloomington | Minnesota |
|---|---|---|---|
| Home Value | $339,546 | $376,576 | $340,597 |
| 5-Year CAGR | 2.8% | 2.9% | 4.9% |
| Avg Rent | $1,458 | $1,655 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 55420 (Bloomington, 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 | $339,546 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.4%). 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 55420
Population: 24,008
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 55420
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 3,001 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Bloomington, MN?
Bloomington, MN home values average about $340K. That price point suits investors targeting rentals with $1,458/mo in monthly income.
What is the renter demographic in Bloomington, MN?
Tenant demand in Bloomington, MN is solid. The local workforce $1,458/mo rents across most rental classes.
How landlord-friendly is Bloomington, MN?
MN ranks as a balanced state for landlord-tenant law. Bloomington generally follows the statewide framework, so landlords face reasonable operating rules.
What is the average monthly rent in Bloomington, MN?
The typical rental in Bloomington, MN commands about $1,458/mo monthly. That rent profile even-keeled cash flow against the $340K purchase basis.
Are there empty rentals in Bloomington, MN?
Vacancy risk in Bloomington, MN is elevated. That supports predictable cash flow for typical rental holds.
You know 55420 now. You don’t know where it ranks.
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How 55420 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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