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Coates

Learn about the people, housing, costs and businesses in Coates, Minnesota

Median Home$450,500
Median Rent$1,153/month
Population145
Leading IndustriesWholesale Trade · Transportation · Retail10% wholesale trade
Home Value Growth⬆⬆+19.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$129k/year · top 7% nationally
NotableVeteran Community10% of residents · top 14% nationally
Coates
MN

Frequently Asked Questions

What are today's mortgage rates in Coates?

As of today, the 30-year fixed mortgage rate for Coates is approximately 6.962% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Coates?

The median home value in Coates is $451k. The median monthly rent is $1,153. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coates?

Home values in Coates have increased 19.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Coates?

Based on a typical all-in ownership cost of $1,650/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coates is $129k/year.

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What industries drive the economy in Coates?

The largest employment sectors in Coates are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.