Total monthly cost of ownership
Cost to Own a Home in Coon Rapids, Iowa
A $129,000 home here costs
$1,149per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $663. The real number is $485 higher every month — 73% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Coon Rapids against Carroll County and Iowa
| Measure | Coon Rapids | Carroll County |
|---|---|---|
| Median home value | $129,300 | $175,700 |
| Median property tax | $1,524 | $1,849 |
| Effective tax rate | 1.179% | 1.052% |
| Median gross rent | $760 | $722 |
| Population | 1,403 | 20,677 |
Coon Rapids extends across 2 counties. Figures here use Carroll County, where most of its housing sits.
The weather behind that power bill
Coon Rapids sits in Carroll County, which averages a high of 84.3°F in its hottest month and a low of 10.3°F in its coldest, with 33.71" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 866 cooling and 6,921 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Carroll County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Common questions
How much does it cost to own a home in Coon Rapids?
A $129,000 home in Coon Rapids, Iowa costs approximately $1,149 per month with 20% down at 6.66%. That is $663 principal and interest, $127 property tax, $56 homeowners insurance, $195 utilities and $108 set aside for maintenance.
What is the property tax rate in Coon Rapids?
Coon Rapids has an effective property tax rate of 1.179%, based on a median home value of $129,300 and median real estate taxes of $1,524. That is higher than the Carroll County average of 1.052%.
What is the average home price in Coon Rapids?
The median owner-occupied home value in Coon Rapids, Iowa is $129,300, against $175,700 across Carroll County.
Is it cheaper to rent or buy in Coon Rapids?
Median gross rent in Coon Rapids is $760 a month, against $1,149 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coon Rapids — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.