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

Lake City, MN has a median modeled monthly cash flow of $-1,944 and a median cap rate of 0.4%, on a median sold price of $301,150. Prices changed +2.0% year over year.

What is the average cap rate in Lake City, MN?

The median cap rate across recently sold homes in Lake City, MN is 0.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake City, MN?

The median sold price in Lake City, MN is $301,150 (about $176 per square foot).

Investing in Lake City, MN Real Estate

A data-driven snapshot of the Lake City, 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.

$301,150Median sold price

$176Median $/sqft

0.4%Median cap rate

$-1,944Modeled cash flow / mo

+2.0%Appreciation YoY

6.6Months of supply

67Active listings

122Sold (last 12 mo)

What the Lake City numbers say

In Lake City, MN, the median home sold for $301,150 (about $176 per square foot), and the typical deal models out to a 0.4% cap rate with a median $-1,944 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 6.6 months of supply. 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 Lake City cash-flowing listings

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