Real Estate Investing in Edina, Minnesota (55424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55424 (Edina, 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.
- High price-to-rent: Price-to-rent ratio 32.4 — hard to cash-flow at these prices.
What’s happening in Edina, MN (55424)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55424 Edina
From an investor standpoint, ZIP 55424 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.0M median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $1.0M purchase price, 0.0% nominal cap — the work to hit that pro forma in 55424 is substantial and deserves full respect.
The gap between 55424 and stronger Edina ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 55424 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. durable returns are possible in 55424, 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 Edina:
Property Strategy for 55424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $554,082 | $2,250 | 2.9% | — | $277,041 |
| 3BR | $688,591 | $2,980 | 3.1% | +5.3% | $229,530 |
| 4BR | $1,014,592 | $3,330 | 2.4% | +6.7% | $253,648 |
| 5BR | $1,619,657 | — | — | +7.5% | $323,931 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55424 Compare?
| Metric | 55424 | Edina | Minnesota |
|---|---|---|---|
| Home Value | $1,045,951 | $650,645 | $340,597 |
| 5-Year CAGR | 5.3% | 2.8% | 4.9% |
| Avg Rent | $2,688 | $2,158 | - |
| Cap Rate | 2.0% | 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 55424 (Edina, 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 | $1,045,951 |
| Monthly Rent | $2,688 |
| Price-to-Rent | 32.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | -12.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 55424
Population: 10,373
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 55424
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CORNELIA ELEMENTARY
COUNTRYSIDE ELEMENTARY
CREEK VALLEY ELEMENTARY
HIGHLANDS ELEMENTARY
ARMATAGE 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 6,135 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Edina, MN?
Yes - Edina, MN a 3.0/5 investability score. With $1.0M home prices against $2,688/mo monthly rent, the market delivers a reasonable entry point for new investors.
What investment strategy works best in Edina, MN?
In Edina, MN the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $1.0M prices and $2,688/mo rents suits that approach.
Where do rents currently stand in Edina, MN?
Investors in Edina, MN typically see rents near $2,688/mo per month against $1.0M home values - a solid setup for rental cash flow.
Is vacancy a concern in Edina, MN?
Expect elevated vacancy in Edina, MN. Rents at $2,688/mo are absorbed by the tenant base without meaningful lag.
Are landlord laws favorable in Edina, MN?
Edina, MN operates under MN law, which is balanced overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 55424 now. You don’t know where it ranks.
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How 55424 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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