Rental numbers for Minnesota
1 of 152 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 5.4%
- 152 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $351,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,670/mo
- median across 152 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Pennington County | $192,000 | $1,228 | 7.7% | 3.2% | -$519 | n/a |
| Freeborn County | $200,000 | $1,136 | 6.8% | 2.6% | -$637 | n/a |
| St. Louis County | $257,000 | $1,376 | 6.4% | 2.6% | -$818 | +3.2% |
| Wabasha County | $318,000 | $1,600 | 6.0% | 2.5% | -$1,059 | n/a |
| Mower County | $205,000 | $1,020 | 6.0% | 2.0% | -$761 | +8.2% |
| Beltrami County | $267,000 | $1,267 | 5.7% | 2.1% | -$972 | +8.7% |
| Olmsted County | $351,000 | $1,646 | 5.6% | 2.2% | -$1,254 | +1.9% |
| Douglas County | $351,000 | $1,612 | 5.5% | 2.3% | -$1,219 | n/a |
| Hennepin County | $388,000 | $1,766 | 5.5% | 2.0% | -$1,439 | +3.8% |
| Washington County | $447,000 | $2,020 | 5.4% | 2.2% | -$1,580 | +4.0% |
| Wright County | $395,000 | $1,787 | 5.4% | 2.2% | -$1,419 | +4.7% |
| Ramsey County | $338,000 | $1,516 | 5.4% | 1.8% | -$1,316 | +3.2% |
| Anoka County | $373,000 | $1,671 | 5.4% | 2.1% | -$1,351 | +4.2% |
| Rice County | $353,000 | $1,563 | 5.3% | 2.0% | -$1,314 | +4.1% |
| Carlton County | $300,000 | $1,301 | 5.2% | 1.6% | -$1,224 | n/a |
| Isanti County | $343,000 | $1,486 | 5.2% | 1.8% | -$1,319 | n/a |
| Dakota County | $396,000 | $1,700 | 5.2% | 1.9% | -$1,498 | +1.8% |
| McLeod County | $299,000 | $1,288 | 5.2% | 1.6% | -$1,224 | n/a |
| Carver County | $489,000 | $2,072 | 5.1% | 2.0% | -$1,838 | +1.9% |
| Le Sueur County | $357,000 | $1,495 | 5.0% | 1.7% | -$1,429 | n/a |
| Scott County | $443,000 | $1,850 | 5.0% | 1.8% | -$1,711 | +2.3% |
| Goodhue County | $323,000 | $1,337 | 5.0% | 1.6% | -$1,325 | n/a |
| Polk County | $255,000 | $1,049 | 4.9% | 1.4% | -$1,082 | n/a |
| Stearns County | $311,000 | $1,273 | 4.9% | 1.5% | -$1,283 | +5.4% |
| Blue Earth County | $303,000 | $1,212 | 4.8% | 1.4% | -$1,273 | +4.6% |
| Sherburne County | $393,000 | $1,535 | 4.7% | 1.5% | -$1,623 | +4.3% |
| Steele County | $298,000 | $1,135 | 4.6% | 1.0% | -$1,359 | n/a |
| Winona County | $282,000 | $1,065 | 4.5% | 1.2% | -$1,242 | +9.8% |
| Benton County | $313,000 | $1,174 | 4.5% | 1.2% | -$1,374 | n/a |
| Chisago County | $387,000 | $1,449 | 4.5% | 1.2% | -$1,687 | n/a |
| Clay County | $304,000 | $1,135 | 4.5% | 1.0% | -$1,386 | +2.8% |
| Meeker County | $298,000 | $1,066 | 4.3% | 1.1% | -$1,342 | n/a |
| Waseca County | $259,000 | $895 | 4.2% | 0.5% | -$1,281 | n/a |
| Nicollet County | $316,000 | $1,078 | 4.1% | 0.7% | -$1,519 | n/a |
| Crow Wing County | $373,000 | $1,250 | 4.0% | 1.1% | -$1,657 | n/a |
| Kandiyohi County | $285,000 | $925 | 3.9% | 0.5% | -$1,406 | n/a |
| Dodge County | $334,000 | $1,000 | 3.6% | 0.3% | -$1,710 | n/a |
| Otter Tail County | $337,000 | $999 | 3.6% | 0.6% | -$1,636 | n/a |
| Aitkin County | $280,000 | not published | n/a | n/a | n/a | n/a |
| Becker County | $361,000 | not published | n/a | n/a | n/a | n/a |
| Big Stone County | $202,000 | not published | n/a | n/a | n/a | n/a |
| Brown County | $251,000 | not published | n/a | n/a | n/a | n/a |
| Cass County | $343,000 | not published | n/a | n/a | n/a | n/a |
| Chippewa County | $222,000 | not published | n/a | n/a | n/a | n/a |
| Clearwater County | $251,000 | not published | n/a | n/a | n/a | n/a |
| Cook County | $443,000 | not published | n/a | n/a | n/a | n/a |
| Cottonwood County | $167,000 | not published | n/a | n/a | n/a | n/a |
| Faribault County | $164,000 | not published | n/a | n/a | n/a | n/a |
| Fillmore County | $288,000 | not published | n/a | n/a | n/a | n/a |
| Grant County | $241,000 | not published | n/a | n/a | n/a | n/a |
| Houston County | $326,000 | not published | n/a | n/a | n/a | n/a |
| Hubbard County | $322,000 | not published | n/a | n/a | n/a | n/a |
| Itasca County | $251,000 | not published | n/a | n/a | n/a | n/a |
| Jackson County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Kanabec County | $275,000 | not published | n/a | n/a | n/a | n/a |
| Kittson County | $145,000 | not published | n/a | n/a | n/a | n/a |
| Koochiching County | $157,000 | not published | n/a | n/a | n/a | n/a |
| Lac qui Parle County | $213,000 | not published | n/a | n/a | n/a | n/a |
| Lake County | $278,000 | not published | n/a | n/a | n/a | n/a |
| Lake of the Woods County | $221,000 | not published | n/a | n/a | n/a | n/a |
| Lincoln County | $206,000 | not published | n/a | n/a | n/a | n/a |
| Lyon County | $220,000 | not published | n/a | n/a | n/a | n/a |
| Mahnomen County | $177,000 | not published | n/a | n/a | n/a | n/a |
| Marshall County | $201,000 | not published | n/a | n/a | n/a | n/a |
| Martin County | $219,000 | not published | n/a | n/a | n/a | n/a |
| Mille Lacs County | $311,000 | not published | n/a | n/a | n/a | n/a |
| Morrison County | $316,000 | not published | n/a | n/a | n/a | n/a |
| Murray County | $257,000 | not published | n/a | n/a | n/a | n/a |
| Nobles County | $243,000 | not published | n/a | n/a | n/a | n/a |
| Norman County | $181,000 | not published | n/a | n/a | n/a | n/a |
| Pine County | $262,000 | not published | n/a | n/a | n/a | n/a |
| Pipestone County | $202,000 | not published | n/a | n/a | n/a | n/a |
| Pope County | $338,000 | not published | n/a | n/a | n/a | n/a |
| Red Lake County | $205,000 | not published | n/a | n/a | n/a | n/a |
| Redwood County | $186,000 | not published | n/a | n/a | n/a | n/a |
| Renville County | $193,000 | not published | n/a | n/a | n/a | n/a |
| Rock County | $272,000 | not published | n/a | n/a | n/a | n/a |
| Roseau County | $223,000 | not published | n/a | n/a | n/a | n/a |
| Sibley County | $291,000 | not published | n/a | n/a | n/a | n/a |
| Stevens County | $216,000 | not published | n/a | n/a | n/a | n/a |
| Swift County | $198,000 | not published | n/a | n/a | n/a | n/a |
| Todd County | $276,000 | not published | n/a | n/a | n/a | n/a |
| Traverse County | $151,000 | not published | n/a | n/a | n/a | n/a |
| Wadena County | $226,000 | not published | n/a | n/a | n/a | n/a |
| Watonwan County | $178,000 | not published | n/a | n/a | n/a | n/a |
| Wilkin County | $219,000 | not published | n/a | n/a | n/a | n/a |
| Yellow Medicine County | $178,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Minnesota
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 55435Edina | $210,000 | $1,953 | 11.2% | +$13 |
| 55101Saint Paul | $170,000 | $1,565 | 11.1% | -$78 |
| 55444Brooklyn Park | $336,000 | $2,890 | 10.3% | -$49 |
| 55301Albertville | $380,000 | $3,177 | 10.0% | -$135 |
| 55412Minneapolis | $234,000 | $1,788 | 9.2% | -$305 |
| 55411Minneapolis | $242,000 | $1,828 | 9.1% | -$315 |
| 55792Virginia | $143,000 | $1,017 | 8.5% | -$314 |
| 55401Minneapolis | $291,000 | $2,026 | 8.3% | -$527 |
| 56701Thief River Falls | $188,000 | $1,228 | 7.8% | -$491 |
| 55415Minneapolis | $320,000 | $2,043 | 7.7% | -$744 |
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.02%
- effective rate, ACS 2024
Typical value (Zillow ZHVI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $307,442 |
| Aug 2022 | $331,766 |
| Aug 2023 | $330,964 |
| Aug 2024 | $334,453 |
| Aug 2025 | $342,327 |
| Aug 2026 | $350,752 |
Costs that vary by state
- Effective property tax
- 1.02%
- Census ACS 2024
- Landlord insurance default
- $2,386/yr
- NAIC HO-3 $1,988 x 1.2
- Permits per 1,000 households
- 9.6
- last 12 months
- Median typical price
- $360,000
- tier A ZIPs
Metros
Questions
- Is Minnesota good for rental property?
- 1 of 152 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.4%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Minnesota?
- About 1.02% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Minnesota?
- NAIC's 2023 average homeowners (HO-3) premium in Minnesota was $1,988. Landlord policies usually cost more, so this site assumes $2,386 a year. Quotes depend on the property, coverage and claims history.
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.
- 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.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
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.