Real Estate Investing in Spring Grove, Minnesota (55974)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55974 (Spring Grove, 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.
- Elevated vacancy: 11.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Spring Grove, MN (55974)?
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Market Analysis: 55974 Spring Grove
Not every below-median market is a bargain. Spring Grove's 55974 ZIP comes in at signals that favor experienced operators who can absorb the risk $274K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $274K asset, 55974 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 55974 and stronger Spring Grove ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 55974 includes headwinds that any investor should price in. Income distribution skews lower than Spring Grove averages, and tenant stability requires active management.
The right play in 55974 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 Spring Grove:
Property Strategy for 55974
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $234,129 | $1,450 | 4.5% | +7.3% | $78,043 |
| 4BR | $335,527 | $1,810 | 3.9% | +9.2% | $83,882 |
Market Trends
Home Value History (with trend line)
📊 How Does 55974 Compare?
| Metric | 55974 | Spring Grove | Minnesota |
|---|---|---|---|
| Home Value | $274,106 | $274,106 | $340,597 |
| 5-Year CAGR | 7.4% | 7.4% | 4.9% |
| Avg Rent | $999 | $999 | - |
| 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 55974 (Spring Grove, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,106 |
| Monthly Rent | $999 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 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 55974
Population: 1,998
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 55974
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 monthly rent should investors expect in Spring Grove, MN?
Rents in Spring Grove, MN run near $999/mo. Compared with median home prices of $274K that produces solid gross yields for typical rentals.
What kind of tenants rent in Spring Grove, MN?
Tenant demand in Spring Grove, MN is solid. The local workforce $999/mo rents across most rental classes.
How strong is Spring Grove, MN for real estate investors?
Investors tracking Spring Grove, MN will find a 3.0/5 rating supported by $274K median home values and $999/mo rents. That profile suits long-term holders targeting measured returns.
Do landlords face vacancy issues in Spring Grove, MN?
Occupancy in Spring Grove, MN runs predictable with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.
Can owner-occupants cash flow in Spring Grove, MN?
The house hack math a challenging in Spring Grove, MN. Owner-occupant buyers benefit from the $999/mo rents and $274K home values.
You know 55974 now. You don’t know where it ranks.
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