Coon Rapids, MN—55433
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Coon Rapids, MN
Home Price Trends — Coon Rapids, MN
As of Oct '25, the median home price in Coon Rapids, MN is $315,000, with a year-over-year change of 3.2%. This indicates that home prices in Coon Rapids, MN are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 3.2% |
| Single Family | $321,000 | 3.5% |
| Condos | $225,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 2.0% |
3 Bed | $316,000 | 3.6% |
4 Bed | $351,000 | 2.9% |
| 5 Bed | $371,000 | 2.8% |
% of Housing Stock
Rental Trends — Coon Rapids, MN
As of July '25, Rentcast reports the average rent in Coon Rapids, MN is $1,800, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Coon Rapids, MN is studios: $1,250, 1-bedrooms: $1,270, 2-bedrooms: $1,500, 3-bedrooms: $2,200, 4-bedrooms: $2,540. The most common rental property sizes in Coon Rapids, MN are 2-bedroom and 1-bedroom, accounting for 42.0% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,800 |
| Studio Rent | $1,150 | $1,250 |
| 1 Bed Rent | $1,250 | $1,270 |
| 2 Bed Rent | $1,400 | $1,500 |
| 3 Bed Rent | $2,300 | $2,200 |
| 4 Bed Rent | $2,340 | $2,540 |
% of Rental Stock
Property Listings — Coon Rapids, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Coon Rapids, MN is 31. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 4.0% |
Listing Count | 74 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 31 | 13.0% |
Demographics — Coon Rapids, MN
As of the latest ACS Survey released in 2023, Coon Rapids, MN has a population of 34,400, which has remained stable by -0.5% over the past 5 years. Coon Rapids, MN is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,400 | -0.5% |
% Under 18 | 21.8% | 2.3% |
% Seniors | 17.4% | 6.7% |
% WFH | 11.2% | 250.0% |
% w/ College Degree | 22.5% | -4.7% |
As of the latest ACS Survey released in 2023, Coon Rapids, MN is a predominantly white area, with 70.1% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Coon Rapids, MN is black, making up 8.8% of the population. Foreign-born residents account for 8.8% of the population in Coon Rapids, MN, and this percentage has decreased by 18.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.1% | -14.2% |
% Black | 8.8% | 22.2% |
% Hispanic | 4.8% | 6.7% |
% Asian | 8.6% | 168.7% |
% Foreign Born | 8.8% | -18.5% |
Mortgage and Risk — Coon Rapids, MN
According to HUD data as of 2023, there were 639 mortgage originations in Coon Rapids, MN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Coon Rapids, MN. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 639 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Coon Rapids, MN
As of 2024, the percent of homes in Coon Rapids, MN under the Section 8 program is 13.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Coon Rapids, MN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 593 |
Total Units Section 8 | 593 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,250 | $1,330 |
| 2 Bedroom | $220 | $1,400 | $1,620 |
| 3 Bedroom | -$140 | $2,300 | $2,160 |
| 4 Bedroom | $80 | $2,340 | $2,420 |
Affordability — Coon Rapids, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $315,000 |
| Median Household Income | $80,200 |