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

Detroit Lakes, MN has a median modeled monthly cash flow of $-419 and a median cap rate of 5.1%, on a median sold price of $304,700. Prices changed +5.9% year over year.

What is the average cap rate in Detroit Lakes, MN?

The median cap rate across recently sold homes in Detroit Lakes, MN is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Detroit Lakes, MN?

The median sold price in Detroit Lakes, MN is $304,700 (about $180 per square foot).

Investing in Detroit Lakes, MN Real Estate

A data-driven snapshot of the Detroit Lakes, 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.

$304,700Median sold price

$180Median $/sqft

5.1%Median cap rate

$-419Modeled cash flow / mo

+5.9%Appreciation YoY

11.2Months of supply

153Active listings

164Sold (last 12 mo)

What the Detroit Lakes numbers say

In Detroit Lakes, MN, the median home sold for $304,700 (about $180 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-419 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 11.2 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 Detroit Lakes cash-flowing listings

CashFlowRE ranks every for-sale home in Detroit Lakes, 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 Detroit Lakes deals, or browse the national market data.