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Economic Development

Posted on: June 1, 2022

Economic Development Report: Q1 2022

Aerial view of commercial development, titled "Quarterly Report"

The latest Coon Rapids Quarterly Economic Development Report shows a big jump in new housing units under construction in the city compared to this time last year.

In the first quarter of 2022, permits were issued for 267 new housing units including the third phase of the Riverdale Station Apartments. In the first quarter of 2021, permits were issued for the construction of just eight housing units.

As for home prices, the median sales price for a single family home in Coon Rapids is now around $300,000, a 15% increase from the same time last year.
 
For more information, read the full report here.

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