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

Hanover, MN has a median modeled monthly cash flow of $-820 and a median cap rate of 4.1%, on a median sold price of $464,950. Prices changed +7.8% year over year.

What is the average cap rate in Hanover, MN?

The median cap rate across recently sold homes in Hanover, MN is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hanover, MN?

The median sold price in Hanover, MN is $464,950 (about $214 per square foot).

Investing in Hanover, MN Real Estate

A data-driven snapshot of the Hanover, 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.

$464,950Median sold price

$214Median $/sqft

4.1%Median cap rate

$-820Modeled cash flow / mo

+7.8%Appreciation YoY

18.5Months of supply

114Active listings

74Sold (last 12 mo)

What the Hanover numbers say

In Hanover, MN, the median home sold for $464,950 (about $214 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-820 of monthly cash flow. Sold prices moved +7.8% over the past year. Inventory sits at about 18.5 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 Hanover cash-flowing listings

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