Is Andover, MN a good place to invest in rental property?

Andover, MN has a median modeled monthly cash flow of $-1,076 and a median cap rate of 3.6%, on a median sold price of $440,000. Prices changed -1.0% year over year.

What is the average cap rate in Andover, MN?

The median cap rate across recently sold homes in Andover, MN is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Andover, MN?

The median sold price in Andover, MN is $440,000 (about $192 per square foot).

Investing in Andover, MN Real Estate

A data-driven snapshot of the Andover, MN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$440,000Median sold price

$192Median $/sqft

3.6%Median cap rate

$-1,076Modeled cash flow / mo

-1.0%Appreciation YoY

8.2Months of supply

227Active listings

331Sold (last 12 mo)

What the Andover numbers say

In Andover, MN, the median home sold for $440,000 (about $192 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-1,076 of monthly cash flow. Sold prices moved -1.0% over the past year. Inventory sits at about 8.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Minnesota markets to compare

See Andover cash-flowing listings

CashFlowRE ranks every for-sale home in Andover, MN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Andover deals, or browse the national market data.