Real Estate Investing in Harmony, Minnesota (55939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55939 (Harmony, 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: 18.0% 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 Harmony, MN (55939)?
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Market Analysis: 55939 Harmony
ZIP 55939 in Harmony, MN carries a resilient set of headwinds. Home values near $263K and rents of $954/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 55939 can be a a solid fit for hunting ground — but the discount at $263K reflects genuine risk that outside investors often underestimate.
ZIP 55939's metrics run below Fillmore County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 55939 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Harmony:
Property Strategy for 55939
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,071 | $1,060 | 4.3% | +6.1% | $88,035 |
| 3BR | $223,290 | $1,420 | 4.6% | +6.2% | $74,430 |
| 4BR | $306,273 | $1,430 | 3.4% | +8.1% | $76,568 |
Market Trends
Home Value History (with trend line)
📊 How Does 55939 Compare?
| Metric | 55939 | Harmony | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $262,961 | $262,961 | N/A | $340,597 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 4.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55939 (Harmony, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,961 |
| Monthly Rent | $954 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 55939
Population: 1,986
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 55939
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
What type of investing works in Harmony, MN?
Most investors in Harmony, MN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Harmony, MN good for house hacking?
Harmony, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $263K price point reasonable to enter.
Are rents high in Harmony, MN?
Average rent in Harmony, MN is approximately $954/mo per month. Against $263K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Harmony, MN?
The median home value in Harmony, MN is roughly $263K. That puts it reasonable relative to the MN statewide average.
Are there empty rentals in Harmony, MN?
Vacancy risk in Harmony, MN is elevated. That supports even-keeled cash flow for typical rental holds.
You know 55939 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55939 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 55939 ranks in Rochester, MN
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