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

Forest Lake, MN has a median modeled monthly cash flow of $-1,060 and a median cap rate of 3.4%, on a median sold price of $418,390. Prices changed +0.5% year over year.

What is the average cap rate in Forest Lake, MN?

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

What is the median home price in Forest Lake, MN?

The median sold price in Forest Lake, MN is $418,390 (about $191 per square foot).

Investing in Forest Lake, MN Real Estate

A data-driven snapshot of the Forest Lake, 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.

$418,390Median sold price

$191Median $/sqft

3.4%Median cap rate

$-1,060Modeled cash flow / mo

+0.5%Appreciation YoY

8.1Months of supply

204Active listings

301Sold (last 12 mo)

What the Forest Lake numbers say

In Forest Lake, MN, the median home sold for $418,390 (about $191 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-1,060 of monthly cash flow. Sold prices moved +0.5% over the past year. Inventory sits at about 8.1 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 Forest Lake cash-flowing listings

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