Cokato, MN—55321
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cokato, MN
As of Oct '25, the median home price in Cokato, MN is $324,000, with a year-over-year change of 3.7%. This indicates that home prices in Cokato, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 3.7% |
| Single Family | $324,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 4.6% |
3 Bed | $311,000 | 3.7% |
4 Bed | $365,000 | 4.3% |
| 5 Bed | $442,000 | 4.7% |
% of Housing Stock
Rental Trends — Cokato, MN
As of July '25, Rentcast reports the average rent in Cokato, MN is $950, with a year-over-year rent change of -24.6%. Per bedroom, the median rent as of July '25 in Cokato, MN is 1-bedrooms: $950. The most common rental property sizes in Cokato, MN are 1-bedroom and 2-bedroom, accounting for 32.3% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cokato, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cokato, MN is 40. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $333,000 | 58.0% |
Listing Count | 18 | -19.0% |
| Listings as % of Homes | 0.3% | -19.0% |
Days on Market | 40 | -22.0% |
Demographics — Cokato, MN
As of the latest ACS Survey released in 2023, Cokato, MN has a population of 5,590, which has increased by 2.0% over the past 5 years. Cokato, MN is a popular place for families, as children make up 35.2% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,590 | 2.0% |
% Under 18 | 35.2% | 14.7% |
% Seniors | 14.2% | -0.7% |
% WFH | 6.4% | 88.2% |
% w/ College Degree | 20.0% | 9.3% |
As of the latest ACS Survey released in 2023, Cokato, MN is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Cokato, MN is hispanic, making up 7.4% of the population. Foreign-born residents account for 3.5% of the population in Cokato, MN, and this percentage has increased by 45.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.3% | -0.9% |
% Black | 0.3% | -76.9% |
% Hispanic | 7.4% | 57.4% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 3.5% | 45.8% |
Mortgage and Risk — Cokato, MN
According to HUD data as of 2023, there were 72 mortgage originations in Cokato, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cokato, MN. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Cokato, MN
Cokato, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 22.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $950 | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Cokato, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $324,000 |
| Median Household Income | $81,200 |