Real Estate Investing in Aurora, Minnesota (55705)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55705 (Aurora, 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 vacancy: 12.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Aurora, MN (55705)?
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Market Analysis: 55705 Aurora
The 55705 ZIP in Aurora, MN is a local-operator market. Outside capital chasing a $165K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $165K asset, 55705 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 55705 and stronger Aurora ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 14% in 55705 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 55705 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Aurora:
Property Strategy for 55705
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,469 | $1,030 | 5.3% | +8.3% | $70,235 |
| 3BR | $174,554 | $1,390 | 5.7% | +7.7% | $58,185 |
| 4BR | $208,779 | $1,730 | 6.0% | +7.4% | $52,195 |
Market Trends
Home Value History (with trend line)
📊 How Does 55705 Compare?
| Metric | 55705 | Aurora | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $165,170 | $148,516 | N/A | $340,597 |
| 5-Year CAGR | 6.5% | 6.1% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.4% | 4.9% | - | - |
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 55705 (Aurora, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,170 |
| Monthly Rent | $927 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (4.4%). 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 55705
Population: 3,248
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 55705
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.
Frequently Asked Questions
How much rent can I charge in Aurora, MN?
The typical rental in Aurora, MN commands about $927/mo monthly. That rent profile even-keeled cash flow against the $165K purchase basis.
How strong is tenant demand in Aurora, MN?
Tenant demand in Aurora, MN is solid. The local workforce $927/mo rents across most rental classes.
Is Aurora, MN a friendly market for rental owners?
Landlord-friendliness in Aurora, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Which investment style suits Aurora, MN?
For Aurora, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much does a house cost in Aurora, MN?
Aurora, MN home values average about $165K. That price point suits investors targeting rentals with $927/mo in monthly income.
You know 55705 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55705 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 55705 ranks in Duluth, MN-WI
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