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

Prior Lake, MN has a median modeled monthly cash flow of $-2,214 and a median cap rate of 2.3%, on a median sold price of $485,000. Prices changed +1.5% year over year.

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

The median cap rate across recently sold homes in Prior Lake, MN is 2.3%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Prior Lake, MN is $485,000 (about $198 per square foot).

Investing in Prior Lake, MN Real Estate

A data-driven snapshot of the Prior Lake, 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.

$485,000Median sold price

$198Median $/sqft

2.3%Median cap rate

$-2,214Modeled cash flow / mo

+1.5%Appreciation YoY

5.2Months of supply

195Active listings

449Sold (last 12 mo)

What the Prior Lake numbers say

In Prior Lake, MN, the median home sold for $485,000 (about $198 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,214 of monthly cash flow. Sold prices moved +1.5% over the past year. Inventory sits at about 5.2 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 Prior Lake cash-flowing listings

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