North St. Paul, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North St. Paul, MN Real Estate Data


North St. Paul Housing Market Information

With a population of 12,322, 4,694 total housing units (homes and apartments), and a median house value of $217,130, North 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 North St. Paul, accounting for 68.23% of the city's housing units. Other types of housing that are prevalent in North St. Paul include large apartment complexes or high rise apartments ( 23.53%), row houses and other attached homes ( 4.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North St. Paul. Owner-occupied housing accounts for 66.05% of North St. Paul's homes, and 53.96% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North St. Paul's housing was primarily built during this period, from the '40s through the '60s. A full 45.17% of the city's housing hails from this era. Other housing ages represented in North St. Paul include homes built between 1970-1999 ( 36.39%) and housing constructed before 1939 ( 12.05%). There's also some housing in North St. Paul built between 2000 and later ( 6.38%).

North St. Paul Home Appreciation Rates

North St. Paul's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North St. Paul during the period has been just -1.13%, which is lower than 70% of US communities.

Appreciation rates are so strong in North St. Paul that despite a nationwide downturn in the housing market, North St. Paul real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North St. Paul appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 70.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North St. Paul. North St. Paul appreciation rates in the latest quarter were at 2.70%, which equates to an annual appreciation rate of 11.26%.

Importantly, this makes North St. Paul one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that North St. Paul's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$217,130

North St. Paul, MN HOME PRICES

Value Range
> $1,209,000 0.0
$907,001 - $1,209,000 0.0
$605,001 - $907,000 0.3
$484,001 - $605,000 1.6
$363,001 - $484,000 3.6
$242,001 - $363,000 30.1
$121,001 - $242,000 56.6
$60,001 - $121,000 4.4
$0 - $60,000 3.4

High for MN
High for Nation

Value Relative to Nation Value Relative to State
29.1678866311413 33.4702258726899

Number Of Homes And Apartments:
4,694

Rent & Ownership

 

Average Market Rent:
$970 / per month

Homeownership Rate

Homeownership
Owners 66.05
Renters 33.95
Vacant 2.78

Housing Market Details

 

Age of Homes

AGE OF North St. Paul HOMES
2000 or Newer 6.4
1970 - 1999 36.4
1940 - 1969 45.2
1939 or Older 12.1

Types of Homes

TYPE OF North St. Paul HOMES
Single-Family 68.2
Townhomes 4.3
Small Apt. Buildings 4.0
Apt. Complexes 23.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF North St. Paul HOMES
No Bedroom 0.31
1 Bedroom 17.54
2 Bedrooms 26.33
3 Bedrooms 35.11
4 Bedrooms 18.85
5 or more bedrooms 1.86

North St. Paul Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.37% 1.48% 3 3
* 10 is highest