Real Estate Investing in Blooming Prairie, Minnesota (55917)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55917 (Blooming Prairie, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Blooming Prairie, MN (55917)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55917 Blooming Prairie
ZIP 55917 inside Steele County looks affordable on the surface — median value of $276K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 55917 is robust only for operators who understand what they are buying. A $276K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MN picture, 55917 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 55917 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 55917, 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 Blooming Prairie:
Property Strategy for 55917
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $201,979 | $1,210 | 4.3% | +7.5% | $100,990 |
| 3BR | $241,747 | $1,700 | 5.1% | +7.6% | $80,582 |
| 4BR | $286,257 | $2,030 | 5.1% | +8.4% | $71,564 |
Market Trends
Home Value History (with trend line)
📊 How Does 55917 Compare?
| Metric | 55917 | Blooming Prairie | Owatonna, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $275,823 | $275,823 | N/A | $340,597 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 55917 (Blooming Prairie, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55917 (Blooming Prairie, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $275,823 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.1%). 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 55917
Population: 3,531
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 55917
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,454 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Blooming Prairie, MN?
Working renters make up the core of the Blooming Prairie, MN tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Blooming Prairie, MN?
Blooming Prairie, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
How do home values compare in Blooming Prairie, MN?
The median home value in Blooming Prairie, MN is roughly $276K. That puts it reasonable relative to the MN statewide average.
What monthly rent should investors expect in Blooming Prairie, MN?
Blooming Prairie, MN rentals go for roughly $1,089/mo a month. That puts gross yield in solid territory relative to $276K acquisition costs.
Should investors consider Blooming Prairie, MN?
Blooming Prairie, MN registers an investability rating of 3.0/5, with median home values near $276K and average rents around $1,089/mo. That combination puts it in the impressive tier for investor interest.
You know 55917 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55917 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.
AI Market Advisor
Ask questions about investing in 55917 (Blooming Prairie)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55917 (Blooming Prairie, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.