The housing market in Coon Rapids, Minnesota, continues to evolve, offering opportunities for both buyers and renters. As of April 2026, the median listing price for homes stands at $339,000, reflecting a 7.62% increase over the past year. The median sold price is $350,000, indicating a slight decrease of 1.41% year-over-year. Homes are selling faster, with a median of 24 days on the market, down 7.69% from the previous year.
For renters, the market remains competitive. The median rent in Coon Rapids is $2,125 per month, marking a 6.25% increase from the previous year. The number of rental properties has decreased by 56% year-over-year, with only 37 active listings, suggesting a tightening rental market.
New Housing Developments
Several new developments are contributing to the growth of Coon Rapids. The Pheasant Hollow project by Knisley Homes offers a four-lot acreage development featuring one-level living with city water and sewer services. These homes are designed to blend spacious living with natural surroundings, providing residents with scenic views and modern amenities.
Another notable addition is the Aster at Riverdale Station, a luxury apartment complex completed in 2023. This development includes 192 smart apartment homes with features such as quartz countertops, stainless steel appliances, and smart home technology. Amenities include outdoor patios with grilling stations, a pool and hot tub, a fitness center, and a pet spa, catering to a variety of lifestyle needs.
Market Outlook
The Coon Rapids housing market demonstrates resilience and growth, with rising home values and new developments enhancing the community’s appeal. Prospective buyers and renters should stay informed about market trends and available properties to make well-informed decisions in this dynamic environment.