Coon Rapids, Minnesota Housing Market Prices
Coon Rapids 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 51% above the Minnesota median$358,333
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Median rent 17% above the Minnesota median$1,493
Housing Market Overview
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $358,333 | $236,718 | $248,835 |
| Price Trend (Annual %) | 17.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,493 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coon Rapids is about 51% higher than in Minnesota. Rent is about 17% 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 Coon Rapids, up about 17.4% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Coon Rapids rose about 44.7% between 2015 and 2024, from $1,032 to $1,493. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Coon Rapids.
Buying the median-priced home in Coon Rapids costs roughly 20.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coon Rapids. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $358,333 | $236,718 | $248,835 |
| Median Household Income | $88,746 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coon Rapids rose about 264.2%, while median household income rose about 34.0% 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 | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.4% | 65.5% | 58.5% |
| Rental Rate | 24.7% | 25.2% | 31.2% |
| Vacancy Rate | 1.9% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Coon Rapids has a homeownership rate of 73.4%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 1.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1981 | 1976 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Coon Rapids was built around 1981. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 14.0 years on average.
Coon Rapids, MN Housing Compared With Nearby Cities
How Coon Rapids, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coon Rapids, MN | 63,456 | $358,333 #2/2 | $1,493 #1/2 | 74.8% #1/2 |
| Brooklyn Park, MN | 83,850 | $409,337 | $1,325 | 70.3% |
Frequently Asked Questions
Common questions about the housing market in Coon Rapids, Minnesota.
What is the median home price in Coon Rapids, Minnesota?
The median home price in Coon Rapids, Minnesota is $358,333, higher than the Minnesota average of $236,718.
What is the average home price in Coon Rapids, Minnesota?
The typical home price in Coon Rapids, Minnesota, reported as the median sale price, is $358,333. 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 Coon Rapids, Minnesota?
The median gross rent in Coon Rapids, Minnesota is $1,493 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Coon Rapids in 2020?
In 2020, the median gross rent in Coon Rapids, Minnesota was $1,207 per month.
What is the price-to-rent ratio in Coon Rapids, Minnesota?
The price-to-rent ratio in Coon Rapids, Minnesota is about 20.0, meaning it would take roughly 20.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coon Rapids.
Are home prices or rent rising faster in Coon Rapids, Minnesota?
Both home prices and rent are rising in Coon Rapids, up about 17.4% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coon Rapids, Minnesota?
73.4% of households in Coon Rapids, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Coon Rapids, Minnesota?
The housing vacancy rate in Coon Rapids, Minnesota is 1.9%, lower than the Minnesota average of 9.3%.
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