All Countries
Shakopee, MN
Full City Profile · Minnesota · Scott County County
3.7
/5.0
B+
Good
45,002
Population
1,525/sq mi density
$110,989
Median Income
$47,238 per capita
$361,400
Home Value
$398,155 Zillow
$1,495
Median Rent
28.2% income on rent
47°F
Avg Temperature
270 sunny days/yr
193
Violent Crime/100K
1,778 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$110,989 median income, 2.7% unemployment
A+
Affordability
4.9 / 5.0
$361,400 home value, $1,495/mo rent
F
Safety
1.0 / 5.0
193 violent crimes/100K
A
Education
4.2 / 5.0
39.9% bachelor's degree or higher
Housing Overview
Median Home Value
$361,400
28% above
US avg: $281,900
Median Rent
$1,495/mo
29% above
US avg: $1,163/mo
Homeownership Rate
76.8%
17% above US avg (65.4%)
Total Housing Units
16,116
Median year built: 1998
Home Value by Source
Census Median
$361,400
Zillow (ZHVI)
$398,155
Median Sale Price
$471,850
Median List Price
$449,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.8%
Owner-Occupied
23.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,495/mo
· Zillow rent:
$1,693/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
34
Price Drops
33.7%
of listings with price reduction
Price Per Sq Ft
$204
Active Inventory
101
homes for sale
Affordability & Housing Stock
Rent Burden
28.2%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1998
Average age of housing stock: 28 years
Homeownership Rate
76.8%
Complete Housing Data
Home Values
| Census Median Value | $361,400 |
| Zillow Home Value (ZHVI) | $398,155 |
| Median Sale Price | $471,850 |
| Median List Price | $449,900 |
| Price Per Sq Ft | $204 |
Rent
| Census Median Rent | $1,495 |
| Zillow Rent (ZORI) | $1,693 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.7% |
| Homes Sold | 34 |
| Active Inventory | 101 |
| Price Per Sq Ft | $204 |
Ownership & Stock
| Owner-Occupied | 76.8% |
| Renter-Occupied | 23.2% |
| Homeownership Rate | 76.8% |
| Total Housing Units | 16,116 |
| Median Year Built | 1998 |
| Rent Burden | 28.2% |