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

Lake Elmo, MN has a median modeled monthly cash flow of $-2,130 and a median cap rate of 2.7%, on a median sold price of $649,950. Prices changed +6.1% year over year.

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

The median cap rate across recently sold homes in Lake Elmo, MN is 2.7%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Lake Elmo, MN is $649,950 (about $234 per square foot).

Investing in Lake Elmo, MN Real Estate

A data-driven snapshot of the Lake Elmo, 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.

$649,950Median sold price

$234Median $/sqft

2.7%Median cap rate

$-2,130Modeled cash flow / mo

+6.1%Appreciation YoY

7.5Months of supply

143Active listings

228Sold (last 12 mo)

What the Lake Elmo numbers say

In Lake Elmo, MN, the median home sold for $649,950 (about $234 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-2,130 of monthly cash flow. Sold prices moved +6.1% over the past year. Inventory sits at about 7.5 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 Lake Elmo cash-flowing listings

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