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

Fairmont, MN has a median modeled monthly cash flow of $-495 and a median cap rate of 3.4%, on a median sold price of $182,295. Prices changed -3.0% year over year.

What is the average cap rate in Fairmont, MN?

The median cap rate across recently sold homes in Fairmont, MN is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Fairmont, MN?

The median sold price in Fairmont, MN is $182,295 (about $112 per square foot).

Investing in Fairmont, MN Real Estate

A data-driven snapshot of the Fairmont, 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.

$182,295Median sold price

$112Median $/sqft

3.4%Median cap rate

$-495Modeled cash flow / mo

-3.0%Appreciation YoY

7.2Months of supply

90Active listings

150Sold (last 12 mo)

What the Fairmont numbers say

In Fairmont, MN, the median home sold for $182,295 (about $112 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-495 of monthly cash flow. Sold prices moved -3.0% over the past year. Inventory sits at about 7.2 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 Fairmont cash-flowing listings

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