Real Estate Investing in Byron, Minnesota (55920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55920 (Byron, 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 price-to-rent: Price-to-rent ratio 31.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Byron, MN (55920)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55920 Byron
Not every below-median market is a bargain. Byron's 55920 ZIP records signals that favor experienced operators who can absorb the risk $407K pricing implies.
On balance, the numbers look inviting — $407K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55920 is substantial and deserves full respect.
Looking more closely, 55920 offers a low basis, the region around Byron has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 55920 ZIP's population of 8,747 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 55920 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Byron:
Property Strategy for 55920
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $307,509 | $1,210 | 2.8% | +5.6% | $153,754 |
| 3BR | $345,703 | $1,700 | 3.5% | +5.4% | $115,234 |
| 4BR | $430,693 | $2,030 | 3.4% | +5.4% | $107,673 |
| 5BR | $563,667 | — | — | +5.2% | $112,733 |
Market Trends
Home Value History (with trend line)
📊 How Does 55920 Compare?
| Metric | 55920 | Byron | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $407,448 | $407,448 | N/A | $340,597 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 55920 (Byron, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,448 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.1%). 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 55920
Population: 8,747
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 55920
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 1,809 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Byron, MN?
Byron, MN home values average about $407K. That price point suits investors targeting rentals with $1,089/mo in monthly income.
Are tenants stable in Byron, MN?
The tenant pool in Byron, MN is solid, supported by local employment and population fundamentals. Rents of $1,089/mo are well-absorbed by the market.
Is Byron, MN a good market for buy-and-hold investors?
Byron, MN rates 3.0/5 for investability. With median values at $407K and rents near $1,089/mo, the market offers reasonable fundamentals for rental investors.
How strict are landlord regulations in Byron, MN?
For rental operators, Byron, MN rates as balanced. The regulatory environment standard buy-and-hold operations.
What approach is best for Byron, MN real estate?
For Byron, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 55920 now. You don’t know where it ranks.
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How 55920 ranks in Rochester, MN
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