The Most Affordable Neighborhoods in Cokato, MN by Home Value

These days, finding an affordable place to live in the Cokato area can be challenging. Home prices in Cokato are now at a median cost of $267,743, lower than the Minnesota average of $345,793.

The average cost of rent is $970/mo in Cokato, primarily driven by the current value of real estate in the Cokato area. In Cokato, 24.40% of households rent, and 37.98% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cokato is $6,347 per month. Households that rent pay about 15.29% of their income on rent here. Cokato’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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