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

Hermantown, MN has a median modeled monthly cash flow of $-1,936 and a median cap rate of 2.2%, on a median sold price of $489,700. Prices changed +7.4% year over year.

What is the average cap rate in Hermantown, MN?

The median cap rate across recently sold homes in Hermantown, MN is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hermantown, MN?

The median sold price in Hermantown, MN is $489,700 (about $233 per square foot).

Investing in Hermantown, MN Real Estate

A data-driven snapshot of the Hermantown, 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.

$489,700Median sold price

$233Median $/sqft

2.2%Median cap rate

$-1,936Modeled cash flow / mo

+7.4%Appreciation YoY

11.1Months of supply

113Active listings

122Sold (last 12 mo)

What the Hermantown numbers say

In Hermantown, MN, the median home sold for $489,700 (about $233 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,936 of monthly cash flow. Sold prices moved +7.4% over the past year. Inventory sits at about 11.1 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 Hermantown cash-flowing listings

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