Real Estate Investing in Plainview, Minnesota (55964)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55964 (Plainview, 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 Plainview, MN (55964)?
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Market Analysis: 55964 Plainview
ZIP 55964 in Plainview, MN carries a resilient set of headwinds. Home values near $299K and rents of $1,089/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $299K asset, 55964 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 55964 sits on the difficult end of the MN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 55964 includes headwinds that any investor should price in. Income distribution skews lower than Plainview averages, and tenant stability requires active management.
appears to 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 Plainview:
Property Strategy for 55964
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,042 | $1,210 | 3.9% | +7.2% | $111,521 |
| 3BR | $269,161 | $1,700 | 4.5% | +7.0% | $89,720 |
| 4BR | $338,669 | $2,030 | 4.3% | +6.3% | $84,667 |
Market Trends
Home Value History (with trend line)
📊 How Does 55964 Compare?
| Metric | 55964 | Plainview | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $299,379 | $299,379 | N/A | $340,597 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 55964 (Plainview, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,379 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (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 55964
Population: 4,453
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 55964
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 is the typical vacancy rate in Plainview, MN?
Rental vacancy in Plainview, MN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the average monthly rent in Plainview, MN?
The typical rental in Plainview, MN commands about $1,089/mo monthly. That rent profile even-keeled cash flow against the $299K purchase basis.
What kind of tenants rent in Plainview, MN?
The renter base in Plainview, MN is reasonable for the $1,089/mo price point. Screening well and pricing to market typically yields steady tenants.
Is Plainview, MN good for house hacking?
Plainview, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $299K price point reasonable to enter.
Is real estate in Plainview, MN a good investment right now?
Investors tracking Plainview, MN will find a 3.0/5 rating supported by $299K median home values and $1,089/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 55964 now. You don’t know where it ranks.
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How 55964 ranks in Rochester, MN
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