Rental numbers for Dakota County, MN
The typical home here runs -$1,498 a month at 7.78% with 25% down. 0 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%.
- Gross yield
- 5.2%
- typical home, Zillow
- Median ZIP yield
- 5.1%
- 15 ZIPs with full data
- Cash flow
- -$1,498/mo
- at 7.78%, 25% down
- Typical price
- $396,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,700/mo
- Zillow ZORI, Aug 2026
ZIP codes in Dakota County
18 with published figures
| 55075South Saint Paul | $300,000 | $1,586 | 6.3% | 2.6% | -$973 | n/a |
| 55124Apple Valley | $376,000 | $1,956 | 6.2% | 2.8% | -$1,138 | -0.4% |
| 55076Inver Grove Heights | $330,000 | $1,704 | 6.2% | 2.8% | -$1,020 | n/a |
| 55068Rosemount | $408,000 | $2,100 | 6.2% | 2.9% | -$1,220 | n/a |
| 55024Farmington | $400,000 | $1,928 | 5.8% | 2.4% | -$1,365 | n/a |
| 55122Eagan | $356,000 | $1,689 | 5.7% | 2.4% | -$1,217 | +1.8% |
| 55121Eagan | $340,000 | $1,608 | 5.7% | 2.3% | -$1,180 | +1.5% |
| 55085Vermillion | $344,000 | $1,520* | 5.3% | 2.1% | -$1,251 | n/a |
| 55337Burnsville | $354,000 | $1,496 | 5.1% | 1.8% | -$1,380 | +1.8% |
| 55033Hastings | $386,000 | $1,617 | 5.0% | 1.9% | -$1,477 | n/a |
| 55044Lakeville | $513,000 | $2,124 | 5.0% | 1.9% | -$1,952 | +2.0% |
| 55065Randolph | $468,000 | $1,880* | 4.8% | 2.0% | -$1,735 | n/a |
| 55118West Saint Paul | $368,000 | $1,475 | 4.8% | 1.6% | -$1,506 | +2.7% |
| 55120Mendota Heights | $513,000 | $2,028 | 4.7% | 1.8% | -$1,997 | n/a |
| 55123Eagan | $472,000 | $1,772 | 4.5% | 1.5% | -$1,976 | +2.8% |
| 55306Burnsville | $418,000 | $1,398 | 4.0% | 0.9% | -$1,928 | -2.1% |
| 55077Inver Grove Heights | $557,000 | $1,849 | 4.0% | 1.1% | -$2,497 | +3.3% |
| 55031Farmington | $467,000 | $1,520* | 3.9% | 1.1% | -$2,080 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +1.8%
- Rent minus price growth
- +0.2 pts
- Property tax
- 0.98%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $358,230 | $1,459 |
| Aug 2022 | $386,336 | $1,533 |
| Aug 2023 | $381,044 | $1,566 |
| Aug 2024 | $382,308 | $1,617 |
| Aug 2025 | $389,302 | $1,670 |
| Aug 2026 | $395,516 | $1,700 |
HUD Fair Market Rent
FY2027, Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 16.0
- 2,791 units, last 12 months
- National percentile
- 85th
- among US counties
Tools
Test a listing in Dakota County against today's rate.
Open the calculatorPart of the Minneapolis, MN metro.
Questions
- Is Dakota County good for rental property?
- The typical home here runs -$1,498 a month at 7.78% with 25% down. 0 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Dakota County?
- About 0.98% of value, from Census ACS median taxes paid over median home value. On a $396,000 home that is about $3,892 a year.
- What is Fair Market Rent in Dakota County?
- HUD's FY2027 Fair Market Rent here is $1,427 for a 1-bedroom, $1,734 for a 2-bedroom and $2,264 for a 3-bedroom. Typical cash flow at today's rate is -$1,498 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.