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Anoka County, MN

RANK #532 / 996  ·  POP 363,985  ·  MN

PROJECTED GROWTH: +0.6%

Anoka County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Anoka County?

Anoka, Minnesota, the county seat of Anoka County, is known as the "Halloween Capital of the World" due to its long-standing tradition of elaborate celebrations dating back to 1920. Anoka County is located in the northern part of the Minneapolis-Saint Paul metropolitan area, approximately 20 miles north of downtown Minneapolis. The Rum River, a popular spot for kayaking, canoeing, and fishing, flows through the county and joins the Mississippi River in the city of Anoka. Commuting to Minneapolis is facilitated by the Northstar Commuter Rail, which has four stations within Anoka County, and various bus services. The county offers a mix of suburban and rural environments with over 11,500 acres of parks and trails.

Anoka County offers a quality of life that attracts families and young professionals, with many residents owning their homes. The public schools, including the large Anoka-Hennepin School District, are generally rated above average. The county's economy is experiencing steady growth, with industrial reinvestment and expanding commercial districts in towns like Coon Rapids and Blaine. Manufacturing and health services have seen strong job gains, and the county has a lower unemployment rate than the state average. Recent developments include the expansion of Green Bay Packaging in Coon Rapids and new housing projects in the city of Anoka.

[02] Market Snapshot

Housing Ratio
7.0x

Above national median (4.7x)

GDP Growth
+1.5%

Below national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 7.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Anoka County U.S. National

The Numbers

DEMOGRAPHICS
Population
363,985
+0.89% YoY
Median Household Income
$95,782
Median Home Value
$302,300
+2.18% 12mo
Median Rent
$1,356
Average Annual Pay
$65,235
+3.2% YoY
Employment
133,130
+0.6% YoY
Income-to-Home-Value
0.3168
More affordable than average
Migration Inflow
5.34%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$370,000
Days on Market
43
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
100.1%
Homes selling above asking
Sold Above List
41.2%
Listings w/ Price Drops
21.0%
Building Permits (2024)
1,062
Single-Family Permits
898

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$250M
TOTAL
PROJECT AMOUNT STATUS
Emergency Communications Center
Anoka County
$50M Planned
Government Center Parking Ramp Replacement
Anoka County
$50M Planned
Jail Replacement
Anoka County
$50M Planned
Rice Creek Compost Site Expansion
Anoka County Recycling & Resource Solutions (R&RS)
$50M Under Construction
Blaine's 105th Ave Entertainment District Transformation
City of Blaine
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth +0.9% 68 percentile
Income Growth +8.0% 36 percentile
Vacancy Rate 0.5% 94 percentile
Home Price Change +2.2% 61 percentile
Rent Growth +3.8% 64 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Anoka County, MN a good place to move to?

Anoka County has a Boom Town Index score of 47/100, ranking #532 among 996 U.S. counties. With job growth at +0.6% and a median household income of $95,782, it faces some economic headwinds compared to faster-growing counties.

Is Anoka County affordable?

The median home value in Anoka County is $302,300 with median rent at $1,356/month. The income-to-home-value ratio is 0.3168, which is more affordable than the national average.

Is Anoka County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: +0.6%. Home values changed +2.2% in the past 12 months.

Are people moving to Anoka County?

Yes — 5.34% of Anoka County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Lee County, NC 57 Raleigh County, WV 57 St. Croix County, WI 57 Penobscot County, ME 57 Tulsa County, OK 57 Muscogee County, GA 57 Potter County, TX 57 Somerset County, PA 57