Is Elko New Market, MN a good place to invest in rental property?

Elko New Market, MN has a median modeled monthly cash flow of $-1,641 and a median cap rate of 2.3%, on a median sold price of $465,245. Prices changed +0.8% year over year.

What is the average cap rate in Elko New Market, MN?

The median cap rate across recently sold homes in Elko New Market, MN is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elko New Market, MN?

The median sold price in Elko New Market, MN is $465,245 (about $195 per square foot).

Investing in Elko New Market, MN Real Estate

A data-driven snapshot of the Elko New Market, 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.

$465,245Median sold price

$195Median $/sqft

2.3%Median cap rate

$-1,641Modeled cash flow / mo

+0.8%Appreciation YoY

8.4Months of supply

108Active listings

154Sold (last 12 mo)

What the Elko New Market numbers say

In Elko New Market, MN, the median home sold for $465,245 (about $195 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,641 of monthly cash flow. Sold prices moved +0.8% over the past year. Inventory sits at about 8.4 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 Elko New Market cash-flowing listings

CashFlowRE ranks every for-sale home in Elko New Market, 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 Elko New Market deals, or browse the national market data.