Coon Rapids, MN—55448
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 $336,000, with a year-over-year change of 2.7%. This indicates that home prices in Coon Rapids, 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 | $336,000 | 2.7% |
| Single Family | $340,000 | 3.0% |
| Condos | $202,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 2.8% |
3 Bed | $328,000 | 2.8% |
4 Bed | $376,000 | 3.0% |
| 5 Bed | $434,000 | 2.4% |
% of Housing Stock
Rental Trends — Coon Rapids, MN
As of July '25, Rentcast reports the average rent in Coon Rapids, MN is $2,200, with a year-over-year rent change of 15.8%. Per bedroom, the median rent as of July '25 in Coon Rapids, MN is 1-bedrooms: $1,300, 2-bedrooms: $1,830, 3-bedrooms: $2,210, 4-bedrooms: $3,040. The most common rental property sizes in Coon Rapids, MN are 2-bedroom and 3-bedroom, accounting for 49.7% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,300 |
| 2 Bed Rent | $1,950 | $1,830 |
| 3 Bed Rent | $2,200 | $2,210 |
| 4 Bed Rent | $3,000 | $3,040 |
% 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 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | -4.0% |
Listing Count | 75 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 31 | 1.0% |
Demographics — Coon Rapids, MN
As of the latest ACS Survey released in 2023, Coon Rapids, MN has a population of 28,900, which has increased by 4.1% over the past 5 years. Coon Rapids, MN is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 4.1% |
% Under 18 | 21.2% | -5.8% |
% Seniors | 16.1% | 7.3% |
% WFH | 12.3% | 119.6% |
% w/ College Degree | 26.4% | -8.0% |
As of the latest ACS Survey released in 2023, Coon Rapids, MN is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Coon Rapids, MN is black, making up 8.3% of the population. Foreign-born residents account for 10.9% of the population in Coon Rapids, MN, and this percentage has increased by 39.7% 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 | 75.3% | -10.1% |
% Black | 8.3% | 31.7% |
% Hispanic | 6.6% | 200.0% |
% Asian | 6.8% | 54.5% |
% Foreign Born | 10.9% | 39.7% |
Mortgage and Risk — Coon Rapids, MN
According to HUD data as of 2023, there were 632 mortgage originations in Coon Rapids, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Coon Rapids, MN. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 632 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 8.7%. 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. In Coon Rapids, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 153 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,220 | $1,680 |
| 2 Bedroom | $100 | $1,950 | $2,050 |
| 3 Bedroom | $530 | $2,200 | $2,730 |
| 4 Bedroom | $60 | $3,000 | $3,060 |
Affordability — Coon Rapids, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $336,000 |
| Median Household Income | $95,600 |