St. Paul appreciation rates and housing market information

St. Paul housing market information

With a population of 160, 74 total housing units (homes and apartments), and a median house value of $86,096, the cost of homes in St. Paul is among some of the lowest in the nation. Compared to Arkansas, however, St. Paul real estate is not on the lower end of the price spectrum.

single-family detached homes are the single most common housing type in St. Paul, accounting for 77.02% of the town's housing units. Other types of housing that are prevalent in St. Paul include mobile homes or trailers (13.51%), large apartment complexes or high rise apartments (4.05%), row houses and other attached homes (2.70%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.70%).

Dwellings in St. Paul tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 56.76% of the homes in St. Paul have two or fewer bedrooms.

There is a lot of housing in St. Paul built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in St. Paul built from 1940-1969 (31.08%). A lesser amount of the housing stock also hails from 1939 and earlier (22.98%), and some were built from 1995 and later (22.98%).

Vacant housing appears to be an issue in St. Paul. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant St. Paul homes and apartments can be a drag on the real estate market, holding St. Paul real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

St. Paul home appreciation rates

In the last 10 years, St. Paul has experienced some of the highest home appreciation rates of any community in the nation. St. Paul real estate appreciated 121.55% over the last ten years, which is an average annual home appreciation rate of 12.15%, putting St. Paul in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. Paul definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in St. Paul that despite a nationwide downturn in the housing market, St. Paul real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Paul appreciation rates continue to be some of the highest in America, at 3.90%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Paul. St. Paul appreciation rates in the latest quarter were at 1.49%, which equates to an annual appreciation rate of 5.96%.

Relative to Arkansas, our data show that St. Paul's latest annual appreciation rate is higher than 83% of the other cities and towns in Arkansas.