If you’re looking to buy property in Minnesota, it’s wise to act quickly because it’s a seller’s market—there are fewer homes than there are buyers. From Coon Rapids’ proximity to Minneapolis to the numerous parks and trails, several features make the city appealing. To help you find a home in your price range, here are a few factors that affect home value.

What Impacts Home Value in Coon Rapids?

1. Neighborhood

A property's location affects its worth. Thompson Riverview Terrace, for example, is a preferred area to live. Boasting single-family homes with three bedrooms or more, the suburban enclave is populated by upper- to middle-income residents. Thompson Heights, on the other hand, has more affordable housing. Since the median real estate listing price is $220,000, it’s one of the less expensive communities in town.

2. Schools

When discussing options with your family, the local school district is likely a major selling point—especially if you have kids. The top schools in Coon Rapids are located within the Anoka-Hennepin Public School District.

For kindergarten through fifth grade, Eisenhower Elementary School and Mississippi Elementary School are the best institutions in the district. River Trail Learning Center at L.O. Jacob offers curricula for kindergarten through 12th grade.

3. Transportation

Coon Rapids is the headquarters of several large companies, including RMS Company and HOM Furniture, which means several residents work locally. Property near U.S. Highway 10, Minnesota Highway 610, and the Northstar Line commuter train are more valuable since they help commuters get to Minneapolis, St. Paul, and other surrounding communities quickly.

If you’re looking for property in Coon Rapids, MN, or other areas in Anoka and Hennepin counties, contact EXIT Realty Nexus. Serving the area since 2004, the agency has over 60 local agents to help you find the perfect home. Call (763) 548-1400 for more information, explore listings online, and stay up to date with announcements on Facebook.