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Coon Rapids

Learn about the people, housing, costs and businesses in Coon Rapids, Minnesota

Median Home$300,344
Median Rent$1,550/month
Population63,468
Leading IndustriesRetail · Transportation · Education17% retail
Home Value Growth+5.7% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners75% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableHigh Incomes$88k/year · top 26% nationally
Coon Rapids
MN

Frequently Asked Questions

What are today's mortgage rates in Coon Rapids?

As of today, the 30-year fixed mortgage rate for Coon Rapids is approximately 6.973% (7.012% 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 Coon Rapids?

The median home value in Coon Rapids is $300k. The median monthly rent is $1,550. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coon Rapids?

Home values in Coon Rapids have increased 5.7% over the past two years. This represents moderate growth. 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 Coon Rapids?

Based on a typical all-in ownership cost of $1,486/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coon Rapids is $88k/year.

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What industries drive the economy in Coon Rapids?

The largest employment sectors in Coon Rapids are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.