Coon Rapids, MN home values, income, and owner costs

The local figures answer the first question: In Coon Rapids, MN, the 2024 ACS reports a median owner-occupied home value of $305,800, median household income of $88,251, and median selected monthly owner costs of $1,758 for owners with a mortgage. For borrower planning, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,758 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $305,800, $88,251, and $1,758, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Coon Rapids, MN's $305,800 median home-value estimate is below the statewide $329,300 estimate, with a reported city-to-state gap of 7.1%. For borrower planning, that 7.1% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Coon Rapids, MN. It does not mean every local property is 7.1% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. Borrowers can apply $305,800 and $329,300 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.