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City · 46,012 residents · Scott County, Minnesota

Shakopee , Minnesota

In Shakopee, a typical home is worth $374,800 and typical rent is $1,531 a month. Compared with all of Scott County, the typical home value is 11% lower, typical household income is 10% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $374,800

    11% below the county

    14% above Minnesota

    • Shakopee
    • Scott
    • Minnesota

  • Typical rent

    $1,531a month

    2% below the county

    20% above Minnesota

    • Shakopee
    • Scott
    • Minnesota

  • Typical household income

    $107,223a year

    10% below the county

    20% above Minnesota

    • Shakopee
    • Scott
    • Minnesota

  • Households that own their home

    75%

    9 points below the county

    3 points above Minnesota

    • Shakopee
    • Scott
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$406,668
0.9% more than 12 months ago
Typical rent
$1,763 a month
2.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Shakopee is in Scott County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Scott County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Shakopee apart

What this place has that others do not, from public data, most unusual first.

  1. 75% of households in Shakopee own their home, against 84% in Scott County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Shakopee

What homes there are in Shakopee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Shakopee (58%), but less so than in Scott County (71%).

Year built

In Shakopee, half of the homes were built before 1999; in Scott County, before 1997.

There are fewer big homes in Shakopee than in Scott County: 68% have 3 bedrooms or more, against 77%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Shakopee sit under the FHA limit for Scott County ($552,000): about 81%.

Monthly rent with utilities

With a mortgage

$2,251 a month

Scott County: $2,329 a month

Without a mortgage

$680 a month

Scott County: $773 a month

Owners with a mortgage

70%

Scott County: 72%

Owning costs about the same in Shakopee as in Scott County: with a mortgage, $2,251 a month; without one, $680.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Shakopee rose 41% since 2015–2019, about the same as in Scott County (40%).

Since 2015–2019, the typical rent in Shakopee rose 26%, less than in Scott County (34%).

The typical household income in Shakopee rose 22%: less than home values (+41%) and rent (+26%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureShakopeeScott CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room 2.6%1.7%2.3%3.4%
People per household 2.712.782.432.53
Drive alone 71%71%69%69%
Carpool 8%7%8%9%
Public transit Unreliable estimate0%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 18%20%18%15%
Other means 3%2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Shakopee, 2.6% of households live with more than one person per room, about the same as in Scott County.

By size, households in Shakopee look like those in Scott County: 2.71 people on average.

In Shakopee, 71% of workers drive alone to work; in Scott County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Shakopee?

A typical home is tight for the typical income

We start with a typical home in Shakopee, worth $374,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Shakopee, which is $107,223 a year. For that payment to be 28% of income, a household would need to earn about $133,894 a year.

The calculator's FHA and conventional loan limits are those of all of Scott County.

Your numbers

Local data
$

Starts at the typical home value in Shakopee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,118 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,124

at 7.18% · 30 years

Loan amount
$368,011
Total interest
$529,482
Paid off in
November 2056

Includes $6,329 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,502 a month

  • Tight

    $2,502 to $3,217 a month

    Your payment · 35%

  • Hard

    more than $3,217 a month

Compared with the typical household income in Shakopee ($107,223 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,124
Principal & interest$2,493
Property tax$309
Home insurance$156
FHA mortgage insurance (MIP)$166

You need at least $13,118 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Shakopee and Scott County

Shakopee is in Scott County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Shakopee's own numbers

Typical home value
$374,800
Typical monthly rent
$1,531
Typical yearly household income
$107,223
Households that own their home
75%
Effective property tax rate
0.99%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Scott County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
0.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Scott County.

Everything about Scott County

Buying

Buying a home in Shakopee

A typical home in Shakopee is worth $374,800: 11% below the county and 14% above Minnesota. With the typical household income in Shakopee ($107,223 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Shakopee 3.5 years
  • Scott 3.5 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Scott County

According to FHFA’s house price index, home prices in Scott County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Scott County.

Period County Minnesota U.S.
Last year (2025) +2.4% +2.8% +2.9%
5 years (2020–2025) +35% +37% +47%
10 years (2015–2025) +66% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Shakopee next to Scott County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Shakopee $374,800
  • Scott $419,400
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Shakopee $1,531
  • Scott $1,568
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Shakopee $107,223
  • Scott $119,314
  • Minnesota $89,062
  • United States $80,734
See the full table
Shakopee next to Scott County and Minnesota
Measure Shakopee Scott County Minnesota U.S.
Typical home value $374,800 $419,400 $329,300 $332,700
Typical monthly rent $1,531 $1,568 $1,280 $1,413
Typical yearly household income $107,223 $119,314 $89,062 $80,734
Households that own their home 75% 84% 72% 65%
Typical yearly property tax $3,700 $4,230 $3,357 $3,119
Effective property tax rate 0.99% 1.01% 1.02% 0.94%
Renters with high rent for their income 48% 52% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Scott County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Shakopee

For a typical $374,800 home in Shakopee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Shakopee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,124a month

    Least cash to close
    Down payment
    $13,118
    Cash to close
    $24,362
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $166

  • Conventional, 5% down $3,055a month

    Down payment
    $18,740
    Cash to close
    $29,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $178

  • Conventional, 20% down, no PMI $2,497a month

    Down payment
    $74,960
    Cash to close
    $86,204
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,843a month

    Down payment
    $56,220
    Cash to close
    $67,464
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Shakopee and for Scott County.

Property tax

Effective rate in Shakopee

0.99%of the home’s value each year

$3,700 a year for the typical owner in Shakopee.

  • Shakopee 0.99%
  • Scott 1.01%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Scott County

FEMA does not publish these numbers by city: they are for all of Scott County.

Homes in the high-risk zone
0.7%
343
Of those, with NFIP insurance
19%
County Minnesota U.S.
Homes in the high-risk zone 0.7% 0.7% 3.5%
Of those, with NFIP insurance 19% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Shakopee

Typical rent in Shakopee is $1,531 a month: 2% below the county. In Shakopee, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Scott County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Scott County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Shakopee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Shakopee is in ZIP code 55379.

For 2 bedrooms it is $1,890: $156 more than the fair market rent for Scott County ($1,734).

  • 55379 $1,890$2,470

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Shakopee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Shakopee

HUD lists 10 buildings with rents for lower incomes in Shakopee. These are the largest.

  • 200 Levee Drive 200 Levee Dr W, Shakopee 55379 66 low-income homes · For older adults (952) 445-2001
  • SHAKOPEE VILLAGE APARTMENTS aka Village Apartmen 1428 4th Ave E, Shakopee 55379 62 low-income homes · For older adults (612) 869-0180
  • Sarazin Flats 1575 Sarazin St, Shakopee 55379 57 low-income homes · 1 bd: 10 · 2 bd: 29 · 3 bd: 18 · In service since 2019 · For people with disabilities, families, people experiencing homelessness
  • Clifton 421 Dakota St S, Shakopee 55379 56 low-income homes · For families (952) 445-4574
  • Boulder Ridge Townhomes 1100 Kennsington Dr, Shakopee 55379 30 homes, 29 low-income · 3 bd: 29 · 4 bd: 1 · In service since 2000

See all 29 buildings in Scott County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Shakopee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Scott County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Shakopee

No down payment, repair or rent-help program on our list is for Shakopee or Scott County. The ones below are statewide in Minnesota: they work in Shakopee the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Shakopee

The HUD-approved agencies closest to the center of Shakopee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Scott County Community Development Agency

    100 5th Ave E, Shakopee · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (952) 402-9022

  • Prg, Inc.

    2017 E 38th St, Minneapolis · 16 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (612) 721-7556

  • Dakota County Community Development Agency

    1228 Town Centre Dr, Eagan · 16 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (651) 675-4400

Every agency in Scott County All counseling agencies in Minnesota

Help in Spanish near Shakopee

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Shakopee

HUD’s record names them for Shakopee or Scott County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Scott County Community Development Agency Public housing and Section 8 vouchers (952) 402-9022

All housing agencies in Minnesota Source: HUD

Cities

Other cities in Scott County

These cities are also in Scott County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Scott County Housing in Minnesota

Nearby cities

The cities closest to Shakopee, with the typical home value.

Neighboring counties

If Scott County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Shakopee.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Shakopee

Short answers with the numbers for Shakopee and all of Scott County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Shakopee?

The typical home value in Shakopee is $374,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Scott County it is $419,400.

How much does it cost to rent in Shakopee?

Typical rent in Shakopee is $1,531 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Scott County is $1,734.

What is the FHA loan limit in Shakopee?

Shakopee uses the FHA limit for all of Scott County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in Shakopee?

The typical homeowner in Shakopee pays $3,700 a year, according to the U.S. Census Bureau. That is 0.99% of the home’s value; in Scott County, the rate is 1.01%.

Where can I find free help to buy or rent in Shakopee?

There is 1 HUD-approved counseling agency with an office in Scott County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).