Market Summary

Shakopee, Scott County, MN

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Median Home Price Price

$388,019 $388K

Median Monthly Rent Rent

$1,805 $1.8K

GRM

18.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Scott County

Region Price Rent GRM Display
$339,707 $1,584 18.0x
$336,662 $1,586 18.0x
$453,880 $2,535 15.0x
$411,070 $2,041 17.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MN outside of Scott County

Region Price Rent GRM Display
$366,390 $1,517 20.0x
$374,530 $1,865 17.0x
$361,820 $1,521 20.0x
$387,270 $1,712 19.0x
$420,753 $1,871 19.0x
$454,429 $1,800 21.0x
$311,930 $1,674 16.0x
$383,934 $1,520 21.0x
$368,733 $1,523 20.0x
$471,855 $2,104 19.0x
$336,907 $1,405 20.0x
$296,971 $1,929 13.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MN

Region Price Rent GRM Display
$724,703 $1,806 33.0x
$308,333 $1,808 14.0x
$444,437 $1,754 21.0x
$509,868 $1,817 23.0x
$479,459 $1,828 22.0x
$597,372 $1,821 27.0x
$344,964 $1,675 17.0x
$516,504 $1,826 24.0x
$316,909 $1,491 18.0x
$336,543 $1,810 15.0x
$346,179 $1,447 20.0x
$492,883 $1,834 22.0x
$420,377 $2,046 17.0x
$323,989 $983 27.0x
$520,098 $2,260 19.0x
$387,635 $1,565 21.0x
$596,288 $1,714 29.0x

Home prices

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Monthly rent

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GRM

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Shakopee

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Trend Insights

Median Rent in Shakopee, MN is $1,805, with MoM change +$15 and YoY change +$72 pointing to positive momentum while volatility is low (std $16).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Shakopee, MN.

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Metric
Base market Shakopee, MN
Compare market Select a market
Delta vs base
Median rent
$1,805
N/A
Median price
$388,019
N/A
YoY change
+$72
N/A
Price-to-rent
17.9x
Data unavailable
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