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

Shakopee, MN has a median modeled monthly cash flow of $-1,164 and a median cap rate of 3.3%, on a median sold price of $421,250. Prices changed -1.5% year over year.

What is the average cap rate in Shakopee, MN?

The median cap rate across recently sold homes in Shakopee, MN is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Shakopee, MN?

The median sold price in Shakopee, MN is $421,250 (about $194 per square foot).

Investing in Shakopee, MN Real Estate

A data-driven snapshot of the Shakopee, 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.

$421,250Median sold price

$194Median $/sqft

3.3%Median cap rate

$-1,164Modeled cash flow / mo

-1.5%Appreciation YoY

8.2Months of supply

454Active listings

664Sold (last 12 mo)

What the Shakopee numbers say

In Shakopee, MN, the median home sold for $421,250 (about $194 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-1,164 of monthly cash flow. Sold prices moved -1.5% 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 Shakopee cash-flowing listings

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