St. Cloud, 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

St. Cloud, MN Housing Market Trends

With a population of 68,462, 26,374 total housing units (homes and apartments), and a median house value of $184,644, St. Cloud real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in St. Cloud, accounting for 54.05% of the city's housing units. Other types of housing that are prevalent in St. Cloud include large apartment complexes or high rise apartments ( 37.28%), duplexes, homes converted to apartments or other small apartment buildings ( 3.95%), and a few row houses and other attached homes ( 3.79%).

The most prevalent building size and type in St. Cloud are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.25% owning and 53.75% renting.

There is a lot of housing in St. Cloud 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 St. Cloud built between 1940-1969 ( 24.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.95%). There's also some housing in St. Cloud built before 1939 ( 11.78%).

St. Cloud Home Appreciation Rates

St. Cloud's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Cloud during the period has been just 1.94%, which is lower than 70% of US communities.

Over the last year, St. Cloud appreciation rates have trailed the rest of the nation. In the last twelve months, St. Cloud's appreciation rate has been 4.05%, 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. Cloud were at 2.08%, which equates to an annual appreciation rate of 8.57%.

Relative to Minnesota, our data show that St. Cloud's latest annual appreciation rate is lower than 90% 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. Cloud differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Cloud - 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 St. Cloud real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$184,644

St. Cloud, MN HOME PRICES

> $1,133,000
0.4%
0.4%
$850,001 - $1,133,000
0.2%
0.2%
$567,001 - $850,000
1.3%
1.3%
$453,001 - $567,000
2.7%
2.7%
$340,001 - $453,000
7.8%
7.8%
$227,001 - $340,000
19.2%
19.2%
$113,001 - $227,000
55.9%
55.9%
$57,001 - $113,000
8.6%
8.6%
$0 - $57,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for MN

Value Relative To Nation

Number Of Homes And Apartments:
26,374

St. Cloud Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
41.49% 1.67%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Owners
46.2%
46.2%
Renters
53.8%
53.8%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.9%
16.9%
1970 - 1999
47.0%
47.0%
1940 - 1969
24.3%
24.3%
1939 or Older
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.0%
54.0%
Townhomes
3.8%
3.8%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
37.3%
37.3%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.9%
3.9%
1 Bedroom
14.1%
14.1%
2 Bedrooms
29.5%
29.5%
3 Bedrooms
27.1%
27.1%
4 Bedrooms
20.5%
20.5%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES