Introduction
Minneapolis, MN, known for its vibrant arts scene, diverse neighborhoods, and outdoor beauty, offers plenty of opportunities for short-term rental investments. The city’s thriving tourism and business sectors provide a steady flow of guests throughout the year. Here’s an analysis of the top-performing zip codes, featuring insights into gross yields, annual revenues, Zillow home values, and unique characteristics of each area.
55432: Fridley & Northern Suburbs
- Gross Yield: 19%
- Annual Revenue: $57,872
- Zillow Home Value: $310.7K
Zip code 55432 encompasses the Fridley area and parts of the northern suburbs of Minneapolis. This location boasts the highest gross yield at 19%, with impressive annual revenue of $57,872. Zillow home values average $310.7K, making it a relatively affordable yet profitable investment option. The Fridley neighborhood features easy access to major highways, parks, and shopping centers, making it popular among families and business travelers looking for suburban convenience while still being close to downtown Minneapolis.
55443: Brooklyn Park & Suburban Retreats
- Gross Yield: 13%
- Annual Revenue: $48,209
- Zillow Home Value: $366.2K
Zip code 55443 includes parts of Brooklyn Park, a suburban area known for its extensive park system, golf courses, and proximity to the Mississippi River. With a gross yield of 13% and annual revenue of $48,209, this area provides a solid return for investors. Zillow home values are $367.0K, reflecting the area’s suburban appeal. Brooklyn Park’s family-friendly amenities and easy access to Minneapolis-St. Paul make it a desirable location for short-term renters, especially those visiting for both leisure and business.
55454: Cedar-Riverside & University District
- Gross Yield: 11%
- Annual Revenue: $18,695
- Zillow Home Value: $169.6K
Zip code 55454 covers the Cedar-Riverside neighborhood and the University of Minnesota area. Known for its cultural diversity and vibrant student population, this area yields a gross return of 11%, with annual revenue of $18,695. Zillow home values are $169.6K, making it a budget-friendly investment area. The neighborhood’s eclectic vibe, with its ethnic restaurants, music venues, and proximity to the university, ensures a constant demand from students, visiting professors, and tourists interested in Minneapolis’s cultural scene.
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55401: North Loop & Downtown Minneapolis
- Gross Yield: 11%
- Annual Revenue: $32,138
- Zillow Home Value: $301.6K
Zip code 55401 includes the trendy North Loop and parts of Downtown Minneapolis. This area, with a gross yield of 11% and annual revenue of $32,138, combines urban living with historic warehouse conversions and modern condos. Zillow home values average $301.6K, reflecting the desirability of this prime location. The North Loop’s dining, nightlife, and easy access to sports venues like Target Field attract young professionals and tourists alike, making it a hot spot for short-term rental investments.
Conclusion
These Minneapolis zip codes offer a range of investment opportunities, from suburban family-friendly areas to vibrant downtown neighborhoods. With the city’s strong tourism and business sectors, short-term rental investors can achieve high yields and steady income while capitalizing on the diverse appeal of Minneapolis.
