The story of this market
The typical home in Corcoran, Minnesota sells for about $633,574.
Prices are down 15.9% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $2,945 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Corcoran, Minnesota
Corcoran is a high-income, family-oriented community experiencing significant population growth and new residential development. While the market shows a high median home value, recent data indicates a cooling in price trends, likely reflecting broader regional adjustments. The city's strong economic profile and ongoing infrastructure projects continue to support its appeal to long-term residents.
No ARED county foreclosure postings attributed to Corcoran yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 2.4% year over year.
Homes spend a median of 39 days on market with 4.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 3.6% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A key regional facility providing indoor sports and community programming that serves residents of Corcoran and surrounding areas.
A significant local waterway that provides scenic value and recreational opportunities for the community.
Corcoran is ideal for family buyers and those seeking a high-income, suburban environment with significant space, while also increasingly attracting older adults looking for modern, low-maintenance rental options.
The city is served by high-performing districts, with residents benefiting from access to schools that generally maintain strong academic ratings within the Hennepin County educational landscape.
The city relies primarily on highway corridors for regional connectivity, with a mean travel time to work of approximately 25.4 minutes.
The city offers a variety of recreational amenities including local parks, trails, and community-focused spaces like the Rogers Activity Center, which serves the broader area.
The rental market is currently expanding with new construction, such as the 143-unit adult rental community, indicating a shift toward diversifying housing options beyond traditional single-family ownership.
The local economy is anchored by a high-income residential base with a strong focus on family-oriented services and a growing construction and development sector.
Corcoran is experiencing significant residential development momentum, characterized by new construction projects such as adult rental communities and ongoing expansion of suburban infrastructure.
Development activity is currently focused on residential expansion, including new multi-family and adult-oriented housing projects to accommodate population growth.
Property owners are subject to a blended tax rate that includes levies from the municipality, Hennepin County, and the local school districts.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.