Anoka County, Minnesota Housing Market Prices
Anoka County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% above the Minnesota median More expensive than 91% of counties in Minnesota$324,200
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Median rent 14% above the Minnesota median More expensive than 94% of counties in Minnesota$1,463
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $324,200 | $236,718 | $248,835 |
| Price Trend (Annual %) | 8.9% | 6.6% | 7.5% |
| Median Gross Rent | $1,463 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anoka County is about 37% higher than in Minnesota. Rent is about 14% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Anoka County, up about 8.9% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Anoka County rose about 50.8% between 2015 and 2024, from $971 to $1,463. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Anoka County.
Buying the median-priced home in Anoka County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Anoka County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $324,200 | $236,718 | $248,835 |
| Median Household Income | $101,615 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Anoka County rose about 123.4%, while median household income rose about 40.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.7% | 65.5% | 58.5% |
| Rental Rate | 19.2% | 25.2% | 31.2% |
| Vacancy Rate | 3.1% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Anoka County has a homeownership rate of 77.7%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 3.1%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1985 | 1976 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Anoka County was built around 1985. On average, 2.7 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Anoka County, MN Housing Compared With Nearby Counties
Anoka County, MN is the 3rd largest of the 6 counties compared here, 370,272 residents against a local median of 276,224. The measure that sets Anoka County, MN apart most is median home price: $324,200, 37% above the local median of $237,318.
The counties themselves spread $111,691 on median home price, so Anoka County, MN sits at one end of an already wide local range rather than apart from it. Anoka County, MN has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Anoka County, MN | 370,272 | $324,200 #1/6 | $1,463 #3/6 | 80.2% #4/6 |
| Isanti County, MN | 42,596 | $237,318 | $1,273 | 83.7% |
| Ramsey County, MN | 542,690 | $320,984 | $1,329 | 60.6% |
| Hennepin County, MN | 1,268,249 | $303,459 | $1,486 | 62.7% |
| Chisago County, MN | 57,989 | $234,677 | $1,185 | 85.9% |
| Washington County, MN | 276,224 | $209,293 | $1,710 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in Anoka County, Minnesota.
What is the median home price in Anoka County, Minnesota?
The median home price in Anoka County, Minnesota is $324,200, higher than the Minnesota average of $236,718.
What is the average home price in Anoka County, Minnesota?
The typical home price in Anoka County, Minnesota, reported as the median sale price, is $324,200. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Anoka County, Minnesota?
The median gross rent in Anoka County, Minnesota is $1,463 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Anoka County in 2020?
In 2020, the median gross rent in Anoka County, Minnesota was $1,161 per month.
What is the price-to-rent ratio in Anoka County, Minnesota?
The price-to-rent ratio in Anoka County, Minnesota is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Anoka County.
Are home prices or rent rising faster in Anoka County, Minnesota?
Both home prices and rent are rising in Anoka County, up about 8.9% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anoka County, Minnesota?
77.7% of households in Anoka County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Anoka County, Minnesota?
The housing vacancy rate in Anoka County, Minnesota is 3.1%, lower than the Minnesota average of 9.3%.
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