MarketsRun a deal in this market
State · MN
Minnesota
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$332k
+3.4%Zillow ZHVI
Median rent
$1,600/mo
+4.2%Zillow ZORI
Gross yield
5.78%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$84,313
Census ACS
Owner-occupied
71.8%
Census ACS
Renter-occupied
28.2%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 5.78% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 4.2% YoY while values moved 3.4%. That gap drives whether yield compresses or expands over time.
Renter share is 28% - a deep renter pool means lower vacancy risk in Minnesota.
Median income of $84,313 sets the affordability ceiling on rent growth.