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

Grand Rapids, MN has a median modeled monthly cash flow of $-663 and a median cap rate of 3.3%, on a median sold price of $260,000. Prices changed +3.8% year over year.

What is the average cap rate in Grand Rapids, MN?

The median cap rate across recently sold homes in Grand Rapids, MN is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Grand Rapids, MN?

The median sold price in Grand Rapids, MN is $260,000 (about $152 per square foot).

Investing in Grand Rapids, MN Real Estate

A data-driven snapshot of the Grand Rapids, 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.

$260,000Median sold price

$152Median $/sqft

3.3%Median cap rate

$-663Modeled cash flow / mo

+3.8%Appreciation YoY

8.8Months of supply

79Active listings

108Sold (last 12 mo)

What the Grand Rapids numbers say

In Grand Rapids, MN, the median home sold for $260,000 (about $152 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-663 of monthly cash flow. Sold prices moved +3.8% over the past year. Inventory sits at about 8.8 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 Grand Rapids cash-flowing listings

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