Blaine · Investment Property
Buying Investment Property in Blaine
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Blaine
Investors look at Blaine for its range of older and newer homes. I'm Lesley, a REALTOR® with Bridge Realty.
What should an investor check first in Blaine? Check the association, if the home has one. Its documents may cap rentals, add a waiting period, or ban renting outright. A home you cannot rent will not work as a rental.
Blaine is still growing. It had 70,222 residents at the 2020 census and an estimated 76,603 in 2025, and the city expects to reach 85,000 to 90,000 people. About 85.3 percent of occupied homes are owner-occupied, according to the Census survey for 2020 to 2024.
Three checks before you offer
- The city sets its own rental rules. Ask the City of Blaine what it requires to rent out a home, including any license, inspection, and fees.
- The ground affects your costs. Blaine has sandy soils and many wetlands, so we check the flood map and any nearby pond.
- Anoka County sets the tax bill. The county's property lookup shows the current tax for any parcel.
- Renters often ask about schools. Three districts serve Blaine, so confirm the district for the address before you advertise it.
Running the numbers
For each property, we check that the expected rent covers the mortgage, taxes, insurance, and any dues, with room left for repairs. A starter home from after World War II and a newer subdivision home can need very different upkeep, so we look at the age and condition of each one.
Location changes appeal too. A home near Interstate 35W, Highways 10 and 65, or the Northtown Transit Center gives a renter different ways to get to work. We pull recent sales and nearby listings so your purchase price starts from facts, and we flag any home near a pond or wetland for a flood insurance quote before you offer.
Learn more
If you are buying from out of state, we can tour each home by video.
The numbers to run on any rental are on our investment property page. See also buying a home in Blaine, our Blaine page, and nearby Coon Rapids. If you own a Blaine rental and want to sell, see what it is worth.
We are not financial or tax advisors, so review your plan with your accountant. Then send us a message or call (651) 661-4770.
Frequently Asked Questions
Do Blaine associations allow rentals?
Some allow them, some limit them, and some ban them. We read the documents before you offer.
Does Blaine require a rental license?
The City of Blaine sets its own rental requirements. Ask the city about any license, inspection, and fees before you offer.
Will the rent cover my costs in Blaine?
That depends on the price, your down payment, and any dues. We run the numbers for each property.
Get your home plan
Tell Us About The Home You Want
Homes For Sale In Blaine
See every home on the market in Blaine right now, updated from the MLS.
Blaine
What investment property looks like in Blaine
Blaine is the largest city in Anoka County, north of the Twin Cities on Interstate 35W, with more than 50 miles of trails, the National Sports Center, and TPC Twin Cities.
Blaine is still adding new neighborhoods, and we help buyers and sellers compare its older and newer areas, its three school districts, and its routes into the cities.
- The homes
- Starter homes from after World War II in the southern part of the city, then decades of new subdivisions. The city has added about 1,000 residents a year for 20 years.
- Schools people ask about
- Three school districts serve different parts of the city: Anoka-Hennepin, Centennial, and Spring Lake Park. Confirm the district for any address.
- Getting around
- Interstate 35W and Highways 10 and 65 run through the city, north of Minneapolis and St. Paul.
- Nearby
- About 638 acres of parks, more than 50 miles of trails, the National Sports Center, and TPC Twin Cities.
- The trade-off
- Blaine has sandy soils and many wetlands, so check the flood map and any wetland or pond near a home before you buy.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?