Total monthly cost of ownership
Cost to Own a Home in Coon Rapids, Iowa
A $129,000 home here costs
$1,204per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $51,500 a year.
A standard mortgage calculator would have told you $703. The real number is $500 higher every month, 71% more than the payment most buyers budget for.
Compare Carroll County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coon Rapids from a five-year rolling sample, and with about 1,403 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Carroll County figures are drawn from a far larger sample if you want a steadier number.
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 $142 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
Talk to someone who works this market
These are Coon Rapids averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Coon Rapids every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coon Rapids I already own here and may sell
Common questions
How much does it cost to own a home in Coon Rapids?
A $129,000 home in Coon Rapids, Iowa costs approximately $1,204 per month with 20% down at 7.24%. That is $703 principal and interest, $127 property tax, $56 homeowners insurance, $210 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 $1,204 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Coon Rapids?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coon Rapids, Iowa at today's rate takes a household income of roughly $51,500 a year. That covers the full $1,204 monthly cost, not just the mortgage payment.
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.