St. Paul appreciation rates and housing market information

St. Paul housing market information

With 287,151 people, 115,713 houses or apartments, and a median cost of homes of $189,081, St. Paul real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in St. Paul, accounting for 50.55% of the city's housing units. Other types of housing that are prevalent in St. Paul include large apartment complexes or high rise apartments (32.59%), duplexes, homes converted to apartments, or other small apartment buildings (13.15%), and a few row houses and other attached homes (3.49%).

People in St. Paul primarily live in small (one, two, or no bedroom) single-family detached homes. St. Paul has a mixture of owner-occupied and renter-occupied housing.

The housing in St. Paul was primarily built before 1939 (45.06%), making the housing stock in St. Paul some of the older overall in America, although there is a range of ages of homes in St. Paul. The next most important St. Paul housing age is 1940-1969 (35.38%), followed by 1970-1994 (18.45%). There's also some housing in St. Paul built between 1995 and later (1.11%).

St. Paul home appreciation rates

Real estate appreciation rates in St. Paul have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.34% during the period.

Over the last year, St. Paul appreciation rates have trailed the rest of the nation. In the last twelve months, St. Paul's appreciation rate has been -6.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Paul were at 0.38%, which equates to an annual appreciation rate of 1.52%.

Relative to Minnesota, our data show that St. Paul's latest annual appreciation rate is higher than 7% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within St. Paul differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Paul - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best St. Paul real estate investment or home purchase decisions.