Real Estate Investing in Bloomington, Minnesota (55431)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55431 (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 (55431)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55431 Bloomington
Meanwhile, ZIP 55431 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $382K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $382K asset, 55431 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 55431's metrics run below Hennepin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 55431 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 55431 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 55431
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $328,261 | $2,100 | 4.6% | +3.4% | $164,130 |
| 3BR | $365,119 | $2,780 | 5.5% | +4.3% | $121,706 |
| 4BR | $412,359 | $3,110 | 5.4% | +4.1% | $103,090 |
| 5BR | $451,163 | — | — | +4.2% | $90,233 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55431 Compare?
| Metric | 55431 | Bloomington | Minnesota |
|---|---|---|---|
| Home Value | $382,238 | $376,576 | $340,597 |
| 5-Year CAGR | 2.8% | 2.9% | 4.9% |
| Avg Rent | $1,713 | $1,655 | - |
| Cap Rate | 3.5% | 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 55431 (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 | $382,238 |
| Monthly Rent | $1,713 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | -3.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 55431
Population: 19,075
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 55431
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
INDIAN MOUNDS ELEMENTARY
NORMANDALE HILLS ELEMENTARY
OLSON ELEMENTARY
OLSON MIDDLE
POPLAR BRIDGE 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 3,001 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How deep is the rental pool in Bloomington, MN?
Working renters make up the core of the Bloomington, MN tenant base. The pool is reasonable for investors targeting long-term holds.
Is MN a landlord-friendly state?
MN law balanced for landlords, and Bloomington inherits those rules. Investors should still review local ordinances for rental licensing.
Are there empty rentals in Bloomington, MN?
Vacancy risk in Bloomington, MN is elevated. That supports stable cash flow for typical rental holds.
Is Bloomington, MN better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bloomington, MN. The numbers - $382K homes against $1,713/mo rents - support that play.
What price range are homes in Bloomington, MN?
In Bloomington, MN the median home value sits at $382K. Against the broader MN market, that reads as reasonable for most investors.
You know 55431 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55431 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 55431 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
Every ZIP in this metro, ranked. Free.
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