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

Hermantown, MN has a median modeled monthly cash flow of $-2,045 and a median cap rate of 2.1%, on a median sold price of $479,950. Prices changed +6.6% year over year.

What is the average cap rate in Hermantown, MN?

The median cap rate across recently sold homes in Hermantown, MN is 2.1%, 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 $479,950 (about $226 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.

$479,950Median sold price

$226Median $/sqft

2.1%Median cap rate

$-2,045Modeled cash flow / mo

+6.6%Appreciation YoY

8.8Months of supply

95Active listings

130Sold (last 12 mo)

What the Hermantown numbers say

In Hermantown, MN, the median home sold for $479,950 (about $226 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-2,045 of monthly cash flow. Sold prices moved +6.6% 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 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.