Home prices
The median home in Shakopee is valued at $265,500. Compared to its surrounding areas it is roughly $63,600 (19%) lower.In comparison to the country as a whole it is approximately $48,000 (22%) higher, and is approximately $13,900 (5%) higher compared to the city of Minneapolis.
Rents
The median rent in Shakopee is $1,211 a month. This is approximately $66 (5%) lower compared to nearby areas.In comparison to the country as a whole it is roughly $149 (14%) higher, and compared to the city of Minneapolis is approximately $184 (17%) higher.
Nearby places
Prior Lake
Prior Lake is Shakopee's neighbor to the southeast. Its housing prices are a bit more expensive. The median home in Prior Lake costs $322,400, which is $56,900 (17%) higher than Shakopee. The rent there is a little less expensive. In Prior Lake the median monthly rent is $1,143, which comes out to $68 (5%) lower than Shakopee.
Eden Prairie
Eden Prairie is Shakopee's neighbor to the north. Its housing prices are a little more expensive. The cost of the median home in Eden Prairie is $368,100, which is $102,600 (27%) higher than Shakopee. Rent there is a little more expensive. The median monthly rent in Eden Prairie is $1,402, which works out to $191 (13%) higher than Shakopee.
Savage
Savage is Shakopee's neighbor to the east. The real estate prices there are a bit more expensive. The median home in Savage is valued at $307,500, which is $42,000 (13%) higher than Shakopee. Its rents are somewhat more expensive. Savage's median monthly rent is $1,286, which is $75 (5%) higher than Shakopee.
Chanhassen
Chanhassen is Shakopee's neighbor to the northwest. Housing prices there are a little more expensive. The price of the median home in Chanhassen is $381,300, which works out to $115,800 (30%) higher than Shakopee. Rents there are a little more expensive. Chanhassen's median rent is $1,378 a month, which works out to $167 (12%) higher than Shakopee.
Chaska
Chaska is approximately 6 miles northwest of Shakopee. Its housing prices are fairly similar. The median home in Chaska is valued at $266,200, which is very similar to Shakopee. Rent there is fairly similar. Chaska's median rent is $1,178 a month, which is $33 (2%) lower than Shakopee.
