Real Estate Investing in Millville, Minnesota (55957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55957 (Millville, MN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 40.6 — hard to cash-flow at these prices.
• 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 Millville, MN (55957)?
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Market Analysis: 55957 Millville
ZIP 55957 inside Wabasha County looks affordable on the surface — median value of $425K — but the discount exists for reasons that a careful buyer should understand before committing.
The 55957 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 55957 offers a low basis, the region around Millville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A durable renter share of 20% in 55957 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 55957 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Millville:
Market Trends
Home Value History (with trend line)
📊 How Does 55957 Compare?
| Metric | 55957 | Millville | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $424,784 | $424,784 | N/A | $340,597 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 4.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55957 (Millville, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $424,784 |
| Monthly Rent | $873 |
| Price-to-Rent | 40.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.6%). 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 55957
Population: 769
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 Millville, MN make sense for an investment property?
Millville, MN scores 3.0/5 for investability. Home values sit at $425K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there empty rentals in Millville, MN?
Millville, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Millville, MN?
Investors in Millville, MN typically see rents near $873/mo per month against $425K home values - a solid setup for rental cash flow.
Does a duplex house hack pencil in Millville, MN?
House hacking in Millville, MN is a challenging. With home values around $425K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
How landlord-friendly is Millville, MN?
Millville, MN operates under MN law, which is balanced overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 55957 now. You don’t know where it ranks.
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How 55957 ranks in Rochester, MN
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