A typical Copley home is worth roughly $188,000
Home prices around Copley have risen about 49% over the past 5 years. Builders were permitted 2 new homes in 2014.
What kind of housing town is Copley?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.6 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Copley home, with $101K to spare.
A two-bedroom rents for about $1,010 a month here, $80 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Copley’s typical property tax (0.69% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Copley rose 49% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 8.1%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Copley, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
88% of Copley households own their home
Half of Copley’s homes were built before 1982.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grand Forks, ND-MN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
2 new homes permitted in 2014
Builders were permitted 2 new homes in Copley in 2014, all single-family houses. Over the past 10 years, Copley has permitted 17 homes in all.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 2 | 2 | 0 | $200,000 |
| 2013 | 2 | 2 | 0 | $200,000 |
| 2012 | 2 | 2 | 0 | $200,000 |
| 2011 | 2 | 2 | 0 | $200,000 |
| 2010 | 2 | 2 | 0 | $200,000 |
| 2009 | 2 | 2 | 0 | $200,000 |
| 2008 | 2 | 2 | 0 | $200,000 |
| 2007 | 3 | 3 | 0 | $300,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 4 | 4 | 0 | $250,000 |
Copley's permit office didn't report to the Census in 2014, so the 2014 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Copley vs. its neighbors
Copley is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Copley buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.