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

Elk River, MN has a median modeled monthly cash flow of $-1,185 and a median cap rate of 3.1%, on a median sold price of $385,000. Prices changed +1.1% year over year.

What is the average cap rate in Elk River, MN?

The median cap rate across recently sold homes in Elk River, MN is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elk River, MN?

The median sold price in Elk River, MN is $385,000 (about $186 per square foot).

Investing in Elk River, MN Real Estate

A data-driven snapshot of the Elk River, 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.

$385,000Median sold price

$186Median $/sqft

3.1%Median cap rate

$-1,185Modeled cash flow / mo

+1.1%Appreciation YoY

12.2Months of supply

385Active listings

380Sold (last 12 mo)

What the Elk River numbers say

In Elk River, MN, the median home sold for $385,000 (about $186 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,185 of monthly cash flow. Sold prices moved +1.1% over the past year. Inventory sits at about 12.2 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 Elk River cash-flowing listings

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