Rent vs buy in Coon Rapids, MN
In Coon Rapids, Minnesota, the typical rent is $1,672 /mo and the typical home price is $329,934.
Renting comes out ahead by $16k over 7 years
The calculation uses Coon Rapids's typical rent, plus the typical home value. The basis includes a 20% down payment and today's mortgage rate. That puts break-even in year 10.
A clearly labeled opinion, with the math shown. These figures are estimates, not quotes. Adjust any figure, and the stamp updates.
- How far renting leads
- $16k after 7 years
- Break-even point
- At year 10 when owning catches up
- Owning's actual cost
- Monthly: $2,905 year 1, against $1,672 rent
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The stamp works from Coon Rapids's typical rent and the typical home value there. Your rent, price and time period can change the result.
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Is renting or buying less costly in Coon Rapids?
Across 7 years, renting costs $15,924 less after counting the money you get back when you sell. For the first 9 years, renting costs less. By year 10, owning catches up.
Renting option Owning option Net cost up to now, shown year by year.
Average rent and mortgage payment, side by side, in Coon Rapids
Rent and mortgage payments cover only part of the story. At Coon Rapids's typical price, these are all monthly expenses during year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,672 | All of it, every month |
| Mortgage payment | $1,799 | $1,585 of it is interest in year 1 |
| Property tax | $250 | 0.91% of the value a year |
| Insurance | $121 | Census median for the city |
| Upkeep | $275 | 1% of the value a year |
| Owning, cash out | $2,445 | $213 of it builds equity |
| Lost return on the down payment | $536 | Annual earnings on that cash: 8.3% |
| Buying costs, spread out | $137 | 3.5% of the price over 7 years |
| True cost of owning | $2,905 | Cash paid minus the equity portion, then add the two figures listed above |
The figures behind Coon Rapids's result
- Typical home valueZillow ZHVI, September 2026
- $329,934
- Typical rentZillow ZORI, September 2026
- $1,672 /mo
- Down payment20% avoids private mortgage insurance, which the engine does not model
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Home price growthFHFA house price index, Minnesota, 1995 to 2025
- 4.3% a year
- Rent growthCPI rent of primary residence, yearly growth 2006 to 2026
- 3.5% a year
- Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025
- 8.3% a year
- Property taxCensus ACS 2020-2024, Coon Rapids
- 0.91% of value
- Home insuranceCensus ACS 2020-2024, Coon Rapids
- $121 /mo
- MaintenanceFannie Mae, low end of 1% to 4%
- 1% of value a year
- Buying costsFreddie Mac, middle of 2% to 5%
- 3.5% of price
- Selling costsAgent commission plus closing costs
- 6% of price
Which changes would flip the result in Coon Rapids?
Each line shows where Coon Rapids's 7-year verdict changes, with all other factors staying as they are.
Conditions for renting to win
- We use 4.3% for Minnesota's long-run rate when home prices grow by less than 4.9% a year.
- The mortgage rate remains above 6.38%.
- Monthly rent for a similar home falls below $1,840 (the local typical is $1,672).
- Before year 10, you move.
Conditions for buying to win
- Home prices rise by more than 4.9% each year.
- You lock in a mortgage rate under 6.38% (today's is 7.24%).
- The same home would cost more than $1,840 a month to rent.
- You remain there for 10 years or more.
How Coon Rapids compares with 812 other cities
| Measure | Coon Rapids | Median city |
|---|---|---|
| Typical home value | $329,934 | $422,451 |
| Typical rent | $1,672 /mo | $1,837 /mo |
| Price-to-rent ratio | 16.4 (#523 of 813) | 18.5 |
| Home prices, last 10 years | 5.7% a year | 6.2% a year |
| Rents, last 5 years | 4.1% a year | 4% a year |
| Property tax | 0.91% | 0.87% |
| Households that rent | 25% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities across Minnesota
- For Minneapolis, MN, renting wins by $17k.
- For St. Paul, MN, renting wins by $21k.
- For Rochester, MN, renting wins by $32k.
- For Bloomington, MN, renting wins by $35k.
- For Duluth, MN, renting wins by $28k.
- For Brooklyn Park, MN, renting wins by $41k.
- For Woodbury, MN, renting wins by $37k.
- For Plymouth, MN, renting wins by $88k.
- For Lakeville, MN, renting wins by $58k.
- For Blaine, MN, renting wins by $6k.
- For Maple Grove, MN, renting wins by $20k.
- For St. Cloud, MN, renting wins by $22k.