Coon Rapids appreciation rates and housing market information

Coon Rapids housing market information

With 61,627 people, 22,803 houses or apartments, and a median cost of homes of $222,096, Coon Rapids real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Coon Rapids, accounting for 63.84% of the city's housing units. Other types of housing that are prevalent in Coon Rapids include large apartment complexes or high rise apartments (16.62%), row houses and other attached homes (16.40%), duplexes, homes converted to apartments, or other small apartment buildings (1.93%), and a few mobile homes or trailers (1.21%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Coon Rapids. Owner-occupied housing accounts for 79.52% of Coon Rapids's homes, and 57.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coon Rapids built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coon Rapids built from 1940-1969 (28.12%). A lesser amount of the housing stock also hails from 1995 and later (7.82%), and some were built from 1939 and earlier (7.82%).

Coon Rapids home appreciation rates

Real estate appreciation rates in Coon Rapids have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.29% during the period.

Over the last year, Coon Rapids appreciation rates have trailed the rest of the nation. In the last twelve months, Coon Rapids's appreciation rate has been -6.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coon Rapids were at 0.37%, which equates to an annual appreciation rate of 1.48%.

Relative to Minnesota, our data show that Coon Rapids's latest annual appreciation rate is higher than 7% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coon Rapids differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coon Rapids - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Coon Rapids real estate investment or home purchase decisions.