Real Estate Investing in Aurora, Minnesota (55708)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55708 (Aurora, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.4% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Aurora, MN (55708)?
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Market Analysis: 55708 Aurora
ZIP 55708 in Aurora, MN carries a solid set of headwinds. Home values near $132K and rents of $927/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 55708 can be a a viable market for hunting ground — but the discount at $132K reflects genuine risk that outside investors often underestimate.
In the broader MN picture, 55708 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 55708 ZIP's population of 850 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The 55708 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 Aurora:
Property Strategy for 55708
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $131,071 | $1,030 | 5.7% | +9.9% | $65,535 |
| 3BR | $131,913 | $1,390 | 7.6% | +9.2% | $43,971 |
Market Trends
Home Value History (with trend line)
📊 How Does 55708 Compare?
| Metric | 55708 | Aurora | Duluth, MN-WI | Minnesota |
|---|---|---|---|---|
| Home Value | $131,862 | $148,516 | N/A | $340,597 |
| 5-Year CAGR | 5.7% | 6.1% | N/A | 4.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 5.5% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55708 (Aurora, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,862 |
| Monthly Rent | $927 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (5.5%). 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 55708
Population: 850
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
Frequently Asked Questions
What kind of tenants rent in Aurora, MN?
The tenant pool in Aurora, MN is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.
How strict are landlord regulations in Aurora, MN?
MN law balanced for landlords, and Aurora inherits those rules. Investors should still review local ordinances for rental licensing.
Is housing expensive in Aurora, MN?
Homes in Aurora, MN typically sell near $132K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Does a duplex house hack pencil in Aurora, MN?
Aurora, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $132K price point reasonable to enter.
Is Aurora, MN a good market for buy-and-hold investors?
With a 3.0/5 investability score, Aurora, MN ranks as a solid market for rental property investors. Median prices of $132K and rents of $927/mo drive the underlying numbers.
You know 55708 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55708 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 55708 ranks in Duluth, MN-WI
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