Detroit Lakes, MN

Detroit Lakes, MN real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 3.8%/yr.

Rent growth

: 3.2%/yr.

Median cap rate

: 1.7%.

Median IRR

: 0.4%.

Median rental rate

: $920/mo.

Median property tax

: $2,014/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

Browse analyzed properties in Detroit Lakes, MN →

Top listings right now

116 E Juniper Ave, Frazee, MN 56544 $259,000· 3 bd· 1.5 ba
512 E Main Ave, Frazee, MN 56544 $280,000· 3 bd· 1.5 ba
1153 Rossman Ave, Detroit Lakes, MN 56501 $274,000· 3 bd· 1.5 ba
1505 Gary Ave, Detroit Lakes, MN 56501 $293,900· 3 bd· 1 ba
308 Sherman St, Detroit Lakes, MN 56501 $289,500· 3 bd· 1 ba
12710 Carow Cir, Frazee, MN 56544 $340,000· 3 bd· 1 ba
26820 Iris Dr, Park Rapids, MN 56470 $260,000· 2 bd· 1 ba
331 Willow St E, Detroit Lakes, MN 56501 $379,900· 3 bd· 2 ba
308 Sunset Ave, Detroit Lakes, MN 56501 $299,900· 3 bd· 1 ba
30592 179th St, Detroit Lakes, MN 56501 $274,500· 3 bd· 1 ba
36968 County Hwy, Vergas, MN $798,000· 5 bd· 3 ba

ZIP codes in Detroit Lakes, MN

Rental market data for every ZIP code in this micro area.