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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ramsey, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ramsey, MN Housing Market Trends

With a population of 28,333, 9,889 total housing units (homes and apartments), and a median house value of $374,864, Ramsey real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ramsey, accounting for 75.81% of the city's housing units. Other types of housing that are prevalent in Ramsey include row houses and other attached homes ( 18.48%), large apartment complexes or high rise apartments ( 5.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ramsey. Owner-occupied housing accounts for 84.99% of Ramsey's homes, and 69.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ramsey built from 1970 to 1999 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 Ramsey built between 2000 and later ( 36.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.83%).

Ramsey Home Appreciation Rates

Appreciation rates for homes in Ramsey have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.31%, which ranks in the top 40% nationwide. This equates to an annual average Ramsey house appreciation rate of 6.87%.

Over the last year, Ramsey appreciation rates have trailed the rest of the nation. In the last twelve months, Ramsey's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ramsey were at 4.58%, which equates to an annual appreciation rate of 19.62%.

Relative to Minnesota, our data show that Ramsey's latest annual appreciation rate is lower than 60% 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 Ramsey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ramsey - 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 2000, to assist you in making the best Ramsey real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$374,864

Ramsey, MN Home Prices
> $1,329,000
$997,001 - $1,329,000
$664,001 - $997,000
$532,001 - $664,000
$398,001 - $532,000
$266,001 - $398,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.5%
0.5%
0.4%
0.4%
3.2%
3.2%
8.5%
8.5%
29.2%
29.2%
45.2%
45.2%
11.5%
11.5%
0.0%
0.0%
1.4%
1.4%
0% 100.0%
% of Homes
High

for Minnesota

High

for nation

Number of Homes And Apartments:

9,889

Ramsey Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,421 / per month

Homeownership Rate

Owners
Renters
Vacant
85.0%
85.0%
15.0%
15.0%
2.3%
2.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.9%
36.9%
56.4%
56.4%
5.8%
5.8%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.8%
75.8%
18.5%
18.5%
0.3%
0.3%
5.2%
5.2%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
2.8%
2.8%
17.5%
17.5%
31.5%
31.5%
37.6%
37.6%
9.2%
9.2%
0% 100.0%
% of Homes