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Cokato

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

Median Home$267,300
Median Rent$844/month
Population2,650
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Healthcare12% wholesale trade
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners77% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Cokato
MN

Frequently Asked Questions

What are today's mortgage rates in Cokato?

As of today, the 30-year fixed mortgage rate for Cokato is approximately 6.911% (6.948% 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 Cokato?

The median home value in Cokato is $267k. The median monthly rent is $844. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cokato?

Home values in Cokato have increased 15.7% 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 Cokato?

Based on a typical all-in ownership cost of $1,203/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cokato is $79k/year.

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What industries drive the economy in Cokato?

The largest employment sectors in Cokato are public administration (20%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.