Real Estate Investing in Saint Peter, Minnesota (56017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56017 (Saint Peter, 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: 22.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 37.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Peter, MN (56017)?
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Market Analysis: 56017 Saint Peter
The 56017 ZIP in Saint Peter, MN is a local-operator market. Outside capital chasing a $393K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 56017 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 56017 sits on the difficult end of the MN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 17% in 56017 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 56017 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 Saint Peter:
Market Trends
Home Value History (with trend line)
📊 How Does 56017 Compare?
| Metric | 56017 | Saint Peter | Minnesota |
|---|---|---|---|
| Home Value | $393,023 | $348,507 | $340,597 |
| 5-Year CAGR | 5.4% | 5.2% | 4.9% |
| Avg Rent | $882 | $1,024 | - |
| Cap Rate | 1.8% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56017 (Saint Peter, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,023 |
| Monthly Rent | $882 |
| Price-to-Rent | 37.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (1.8%). 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 56017
Population: 1,757
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 56017
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,578 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Saint Peter, MN?
Average rent in Saint Peter, MN is approximately $882/mo per month. Against $393K home values that yields a reasonable rent-to-price ratio.
Is Saint Peter, MN a friendly market for rental owners?
The landlord environment in Saint Peter, MN is balanced. Statewide rules shape most day-to-day operations for rental owners.
Is Saint Peter, MN a good place for real estate investing?
Saint Peter, MN rates 3.0/5 for investability. With median values at $393K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
Is vacancy a concern in Saint Peter, MN?
Vacancy in Saint Peter, MN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $882/mo.
What is the best play in Saint Peter, MN?
A careful cash-flow rentals with hands-on management strategy Saint Peter, MN best. The market produces even-keeled results for that approach at the $393K price point.
You know 56017 now. You don’t know where it ranks.
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How 56017 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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