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Corcoran, MN

Full City Profile · Minnesota · Hennepin County County

4.3 /5.0
A Great
6,854 Population 191/sq mi density
$143,250 Median Income $66,970 per capita
$540,100 Home Value $596,829 Zillow
45°F Avg Temperature 258 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
5.0 / 5.0
$143,250 median income, 0.8% unemployment
A+
Affordability
4.6 / 5.0
$540,100 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
52.8% bachelor's degree or higher

Housing Overview

Median Home Value
$540,100
92% above
US avg: $281,900
Homeownership Rate
94.7%
45% above US avg (65.4%)
Total Housing Units
2,423
Median year built: 1980

Home Value by Source

Census Median
$540,100
Zillow (ZHVI)
$596,829
Median Sale Price
$586,217
Median List Price
$549,155
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

94.7%
Owner-Occupied
5.3%
Renter-Occupied
95%
5%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo

Market Indicators (Redfin)

Median Days on Market
97 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
44.8%
of listings with price reduction
Price Per Sq Ft
$233
Active Inventory
58
homes for sale

Affordability & Housing Stock

Rent Burden
13.2%
of renters spending 30%+ of income on housing
57% below US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
94.7%

Complete Housing Data

Home Values

Census Median Value$540,100
Zillow Home Value (ZHVI)$596,829
Median Sale Price$586,217
Median List Price$549,155
Price Per Sq Ft$233

Rent

FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market97
Sale-to-List Ratio1.0%
Price Drops44.8%
Homes Sold10
Active Inventory58
Price Per Sq Ft$233

Ownership & Stock

Owner-Occupied94.7%
Renter-Occupied5.3%
Homeownership Rate94.7%
Total Housing Units2,423
Median Year Built1980
Rent Burden13.2%