Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Corcoran

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

Median Home$569,400
Population7,302
Leading IndustriesRetail · Transportation · Healthcare23% retail
Home Value Growth+5.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners95% of occupied units
NotableHighly Educated34% hold a bachelor's degree · top 4% nationally
NotableHigh Incomes$133k/year · top 6% nationally
Corcoran
MN

Frequently Asked Questions

What are today's mortgage rates in Corcoran?

As of today, the 30-year fixed mortgage rate for Corcoran is approximately 6.847% (6.881% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Corcoran
What is the median home price in Corcoran?

The median home value in Corcoran is $569k. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Corcoran?

Home values in Corcoran have increased 5.1% 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 Corcoran?

Based on a typical all-in ownership cost of $2,243/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $96k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Corcoran is $133k/year.

Calculate your buying power
What industries drive the economy in Corcoran?

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