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 $-1,473 and a median cap rate of 2.8%, on a median sold price of $447,000. Prices changed +4.7% 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 2.8%, 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 $447,000 (about $188 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.

$447,000Median sold price

$188Median $/sqft

2.8%Median cap rate

$-1,473Modeled cash flow / mo

+4.7%Appreciation YoY

12.7Months of supply

111Active listings

105Sold (last 12 mo)

What the Elko New Market numbers say

In Elko New Market, MN, the median home sold for $447,000 (about $188 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,473 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 12.7 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.