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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Coon Rapids, IA Housing Affordability Index

Coon Rapids, Iowa has an MBR Housing Affordability Index score of 189.2 (Highly Affordable) as of October 30, 2026, ranking 330th most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $134,100 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $726, or 11% of the city’s $76,012 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Coon Rapids is updated every night from live Iowa mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Coon Rapids MBR-HAI 189.2 Highly Affordable
Rank in Iowa 330 of 891 1 = most affordable
Iowa 126.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.17% Iowa lenders
Median home value $134,100 U.S. Census Bureau

Coon Rapids is 62.8 points above the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Coon Rapids Mortgage Rates

What It Takes to Buy in Coon Rapids

$726/mo
Principal & Interest
Median home, 20% down, 7.17%
$31,100
Income Needed
To keep the payment at 28% of income
$76,012
Median Household Income
Iowa: $75,059
1.8x
Price-to-Income Ratio
Iowa: 2.8x
$741/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,403/yr
Median Property Tax
1.05% of median value
14.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
18.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Coon Rapids, Iowa. The rate is the Iowa average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Coon Rapids Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Coon Rapids, Iowa score: 189.2 (Highly Affordable), ranked 330 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/coon-rapids”