Real Estate Investing in Waltham, Minnesota (55982)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55982 (Waltham, 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.
No major risk flags on the data we track.
• 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 Waltham, MN (55982)?
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Market Analysis: 55982 Waltham
Turning to rents, ZIP 55982 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $299K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $299K purchase price, 0.0% nominal cap — the work to hit that pro forma in 55982 is substantial and deserves full respect.
From an investor standpoint, 55982 offers a low basis, the region around Waltham has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 55982 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 55982 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Waltham:
Market Trends
Home Value History (with trend line)
📊 How Does 55982 Compare?
| Metric | 55982 | Waltham | Austin, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $298,577 | $298,577 | N/A | $340,597 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | 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 55982 (Waltham, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,577 |
| 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 | 9.4% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 55982
Population: 523
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,454 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Waltham, MN a good investment right now?
Our data puts Waltham, MN at 3.0/5 for investability. Home prices of $299K and rents around $1,089/mo create a solid backdrop for investor activity.
What do rentals go for in Waltham, MN?
Rents in Waltham, MN run near $1,089/mo. Compared with median home prices of $299K that produces solid gross yields for typical rentals.
Do landlords face vacancy issues in Waltham, MN?
Waltham, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Waltham, MN real estate?
Waltham, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($299K prices, $1,089/mo rents) make it a reasonable choice.
What are home prices like in Waltham, MN?
In Waltham, MN the median home value sits at $299K. Against the broader MN market, that reads as reasonable for most investors.
You know 55982 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55982 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 55982 ranks in Austin, MN
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