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

Independence, MN has a median modeled monthly cash flow of $-5,375 and a median cap rate of 0.3%, on a median sold price of $792,500. Prices changed -7.2% year over year.

What is the average cap rate in Independence, MN?

The median cap rate across recently sold homes in Independence, MN is 0.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Independence, MN?

The median sold price in Independence, MN is $792,500 (about $259 per square foot).

Investing in Independence, MN Real Estate

A data-driven snapshot of the Independence, 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.

$792,500Median sold price

$259Median $/sqft

0.3%Median cap rate

$-5,375Modeled cash flow / mo

-7.2%Appreciation YoY

13.1Months of supply

48Active listings

44Sold (last 12 mo)

What the Independence numbers say

In Independence, MN, the median home sold for $792,500 (about $259 per square foot), and the typical deal models out to a 0.3% cap rate with a median $-5,375 of monthly cash flow. Sold prices moved -7.2% over the past year. Inventory sits at about 13.1 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 Independence cash-flowing listings

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