Anoka County, Minnesota Housing Market

In Anoka County, Minnesota, the median home value is $346,500, with a median monthly rent of $1,464. This places Anoka County at #435 nationally out of 3134 counties by median home value, and #9 within Minnesota.

Median Home Value $346,500
Median Rent $1,464/mo
Owner Occupancy 80.2%
Price/Rent Ratio 19.7

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Anoka County rose +2.4% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

117,057
jobs (private sector)
  • Avg weekly wage: $1,295
  • Establishments: 8,601
  • BLS QCEW, 2025
🏗️

Housing Supply

774
new units authorized (2025)
  • Single-family: 738
  • Multi-family: 36
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+3768
net migration (filers, 2021-2022)
  • Inflow: 157,888 (avg $90,051)
  • Outflow: 154,120 (avg $91,003)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Anoka County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 55079 228.4 +5.77% 2025
2 55005 218.2 -3.15% 2025
3 55070 222.0 +6.03% 2025
4 55011 215.4 -3.56% 2025
5 55092 227.8 +5.13% 2025
6 55330 217.1 +1.94% 2025
7 55110 226.4 +0.76% 2025
8 55449 207.3 -1.20% 2025
9 55433 234.3 +5.08% 2025
10 55038 204.8 -1.14% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Anoka County Compares

MetricAnoka CountyMinnesota AverageU.S. Average
Median Home Value $346,500 $238,335 $227,706
Median Gross Rent $1,464 $938 $968
Owner Occupancy Rate 80.2% 77.9% 73.3%
Price/Rent Ratio 19.7 21.1 18.7

Market Analysis

The median home value in Anoka County is 45.4% above the Minnesota state average and 52.2% above the U.S. national average. The median rent of $1,464/month is 56.1% above the state average.

With a price-to-rent ratio of 19.7, the buy-vs-rent decision in Anoka County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Anoka County has an owner-occupancy rate of 80.2%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Warren County New Jersey $346,500 $1,409
Lawrence County South Dakota $346,500 $938
Matanuska-Susitna Borough Alaska $346,600 $1,299
Montgomery County Texas $346,200 $1,532
Northumberland County Virginia $346,800 $1,038

Other Counties in Minnesota

CountyMedian Home ValueMedian RentOwner Occ.
Chisago County $351,900 $1,186 85.9%
Cook County $336,200 $886 77.7%
Wright County $358,900 $1,288 84.1%
Olmsted County $331,700 $1,370 70.6%
Sherburne County $361,400 $1,127 83.2%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).