The median home in Shakopee, Minnesota is valued at $393,084, up 1.1% year over year. Typical monthly rent is $1,641, producing a price-to-rent ratio of 20x — near the national average of 18x. Shakopee is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →

Home Value$393,084

+1.1%

Rent$1,641/mo

AFFORDABILITY

Enter your income for Shakopee.

Income (annual)

Down Payment

$78,617 on $393,084

Out of reach — 40.1% of income

Need $107,357/yr to afford.

PITI$2,505

P/I40.1%

Afford$275K

Gap-$118K

P&I $1,988Tax $367Ins $150

Renting $864/mo cheaper ($1,641 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Shakopee with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro →

SHAKOPEE, MN