Shakopee, MN 55379 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shakopee, MN—55379

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$392,000

1.7% YoY Growth

Household Income

$110,000

30.7% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$2,100

0.9% YoY Growth

1-Bed Rent

$1,230

26.2% YoY Growth

2-Bed Rent

$1,800

3.8% YoY Growth

3-Bed Rent

$2,350

14.5% YoY Growth

Home Price Trends — Shakopee, MN

As of Dec '25, the median home price in Shakopee, MN is $392,000, with a year-over-year change of 1.7%. This indicates that home prices in Shakopee, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$392,000	1.7%
Single Family	$394,000	1.3%
Condos	$261,000	-0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Shakopee, MN

As of July '25, Rentcast reports the average rent in Shakopee, MN is $2,240, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Shakopee, MN is studios: $1,380, 1-bedrooms: $1,350, 2-bedrooms: $1,790, 3-bedrooms: $2,520, 4-bedrooms: $3,030. The most common rental property sizes in Shakopee, MN are 2-bedroom and 1-bedroom, accounting for 38.4% and 29.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,240
Studio Rent	$1,400	$1,380
1 Bed Rent	$1,230	$1,350
2 Bed Rent	$1,800	$1,790
3 Bed Rent	$2,350	$2,520
4 Bed Rent	$2,700	$3,030

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% of Rental Stock

Studio

3.7%

1 Bedroom

29.5%

2 Bedrooms

38.4%

3 Bedrooms

12.4%

4 Bedrooms

11.3%

5+ Bedrooms

4.6%

Property Listings — Shakopee, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Shakopee, MN is 40. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$510,000	4.0%
Listing Count	177	4.0%
Listings as % of Homes	0.9%	4.0%
Days on Market	59	2.0%

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Demographics — Shakopee, MN

As of the latest ACS Survey released in 2023, Shakopee, MN has a population of 49,100, which has increased by 9.1% over the past 5 years. Shakopee, MN is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	49,100	9.1%
% Under 18	26.7%	-8.2%
% Seniors	10.7%	23.0%
% WFH	16.8%	281.8%
% w/ College Degree	39.6%	14.1%

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As of the latest ACS Survey released in 2023, Shakopee, MN is a predominantly white area, with 63.6% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Shakopee, MN is hispanic, making up 11.2% of the population. Foreign-born residents account for 16.4% of the population in Shakopee, MN, and this percentage has increased by 9.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	63.6%	-9.9%
% Black	7.5%	4.2%
% Hispanic	11.2%	43.6%
% Asian	10.3%	1.0%
% Foreign Born	16.4%	9.3%

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Mortgage and Risk — Shakopee, MN

According to HUD data as of 2023, there were 936 mortgage originations in Shakopee, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Shakopee, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	936
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Shakopee, MN

As of 2024, the percent of homes in Shakopee, MN under the Section 8 program is 9.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shakopee, MN, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	395
Total Units Section 8	374
% Rentals under Section 8	9.2%
% Occupied Section 8	93.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$250	$1,230	$1,480
2 Bedroom	$10	$1,800	$1,810
3 Bedroom	$60	$2,350	$2,410
4 Bedroom	$0	$2,700	$2,700

Shakopee, MN—55379

Key Metrics at a Glance

Home Price Trends — Shakopee, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shakopee, MN

% of Rental Stock

Property Listings — Shakopee, MN

Demographics — Shakopee, MN

Race and Ethnicity

Mortgage and Risk — Shakopee, MN

Mortgages

Rentals and Section 8 — Shakopee, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Shakopee, MN

Home Price to Income Ratio

Shakopee, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Eden Prairie, MN

Chanhassen, MN

Jordan, MN

Eden Prairie, MN

Prior Lake, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$392,000
Median Household Income	$110,000

Shakopee, MN—55379

Key Metrics at a Glance

Home Price Trends — Shakopee, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shakopee, MN

% of Rental Stock

Property Listings — Shakopee, MN

Demographics — Shakopee, MN

Race and Ethnicity

Mortgage and Risk — Shakopee, MN

Mortgages

Rentals and Section 8 — Shakopee, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Shakopee, MN

Home Price to Income Ratio

Shakopee, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Eden Prairie, MN

Chanhassen, MN

Jordan, MN

Eden Prairie, MN

Prior Lake, MN

Frequently Asked Questions

What is the average home price in Shakopee, MN 55379?

How have home prices in Shakopee, MN 55379 changed over the past year?

What is the home price projection for Shakopee, MN 55379?

What are the demographics of Shakopee, MN 55379?

How long does it take homes to sell in Shakopee, MN 55379?

What is the average rent price in Shakopee, MN 55379?