Real Estate Investing in Altura, Minnesota (55910)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55910 (Altura, 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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Altura, MN (55910)?
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Market Analysis: 55910 Altura
Stepping back, ZIP 55910 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $313K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $313K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55910 is substantial and deserves full respect.
The gap between 55910 and stronger Altura ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 12% in 55910 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 55910, 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 Altura:
Property Strategy for 55910
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $236,651 | $1,300 | 4.0% | +7.0% | $118,326 |
| 3BR | $282,691 | $1,640 | 4.2% | +8.1% | $94,230 |
| 4BR | $364,905 | $1,920 | 3.8% | +7.1% | $91,226 |
Market Trends
Home Value History (with trend line)
📊 How Does 55910 Compare?
| Metric | 55910 | Altura | Minnesota |
|---|---|---|---|
| Home Value | $313,211 | $313,211 | $340,597 |
| 5-Year CAGR | 6.3% | 6.3% | 4.9% |
| Avg Rent | $1,170 | $1,170 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 55910 (Altura, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,211 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.9%). 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 55910
Population: 1,232
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
Does Altura, MN make sense for an investment property?
Altura, MN scores 3.0/5 for investability. Home values sit at $313K and rents near $1,170/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do landlords face vacancy issues in Altura, MN?
Vacancy risk in Altura, MN is elevated. That supports consistent cash flow for typical rental holds.
What investment strategy works best in Altura, MN?
For Altura, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong is tenant demand in Altura, MN?
Altura, MN offers a consistent renter base at the $1,170/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is MN a landlord-friendly state?
Altura, MN operates under MN law, which is balanced overall for landlords. Expect consistent treatment in typical lease and eviction cases.
You know 55910 now. You don’t know where it ranks.
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