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

Palmer, MN has a median modeled monthly cash flow of $-1,708 and a median cap rate of 1.3%, on a median sold price of $370,000. Prices changed -12.4% year over year.

What is the average cap rate in Palmer, MN?

The median cap rate across recently sold homes in Palmer, MN is 1.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palmer, MN?

The median sold price in Palmer, MN is $370,000 (about $216 per square foot).

Investing in Palmer, MN Real Estate

A data-driven snapshot of the Palmer, 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.

$370,000Median sold price

$216Median $/sqft

1.3%Median cap rate

$-1,708Modeled cash flow / mo

-12.4%Appreciation YoY

8.2Months of supply

26Active listings

38Sold (last 12 mo)

What the Palmer numbers say

In Palmer, MN, the median home sold for $370,000 (about $216 per square foot), and the typical deal models out to a 1.3% cap rate with a median $-1,708 of monthly cash flow. Sold prices moved -12.4% over the past year. Inventory sits at about 8.2 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 Palmer cash-flowing listings

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