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




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South St. Paul, MN Real Estate Data


South St. Paul Housing Market Information

With a population of 20,405, 8,380 total housing units (homes and apartments), and a median house value of $202,864, South 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 South St. Paul, accounting for 66.32% of the city's housing units. Other types of housing that are prevalent in South St. Paul include large apartment complexes or high rise apartments ( 19.89%), duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), and a few row houses and other attached homes ( 5.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South St. Paul. Owner-occupied housing accounts for 66.16% of South St. Paul's homes, and 53.74% 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. South St. Paul's housing was primarily built during this period, from the '40s through the '60s. A full 48.79% of the city's housing hails from this era. Other housing ages represented in South St. Paul include homes built before 1939 ( 22.98%) and housing constructed between 1970-1999 ( 21.86%). There's also some housing in South St. Paul built between 2000 and later ( 6.37%).

South St. Paul Home Appreciation Rates

South St. Paul's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South St. Paul during the period has been just -1.67%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, South St. Paul's appreciation rate, at 5.70%, has been at or slightly above the national average. In the latest quarter, South St. Paul's appreciation rate has been 2.70%, which annualizes to a rate of 11.26%.

Importantly, this makes South 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 South St. Paul's latest annual appreciation rate is higher than 70% 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 South St. Paul differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South 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 2000, to assist you in making the best South St. Paul real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$202,864

South St. Paul, MN HOME PRICES

Value Range
> $1,220,000 0.3
$916,001 - $1,220,000 0.1
$610,001 - $916,000 0.4
$488,001 - $610,000 0.4
$366,001 - $488,000 2.4
$244,001 - $366,000 20.2
$122,001 - $244,000 66.8
$61,001 - $122,000 5.8
$0 - $61,000 3.6

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
32.3885928441764 41.8891170431211

Number Of Homes And Apartments:
8,380

Rent & Ownership

 

Average Market Rent:
$1,051 / per month

Homeownership Rate

Homeownership
Owners 66.16
Renters 33.84
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF South St. Paul HOMES
2000 or Newer 6.4
1970 - 1999 21.9
1940 - 1969 48.8
1939 or Older 23.0

Types of Homes

TYPE OF South St. Paul HOMES
Single-Family 66.3
Townhomes 5.5
Small Apt. Buildings 7.9
Apt. Complexes 19.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF South St. Paul HOMES
No Bedroom 1.51
1 Bedroom 13.39
2 Bedrooms 29.73
3 Bedrooms 39.74
4 Bedrooms 14.00
5 or more bedrooms 1.63

South 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
25.32% 1.34% 2 3
* 10 is highest