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




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St. Paul, MN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

St. Paul Housing Market Information

With a population of 300,851, 112,988 total housing units (homes and apartments), and a median house value of $192,029, 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 49.13% of the city's housing units. Other types of housing that are prevalent in St. Paul include large apartment complexes or high rise apartments ( 34.75%), duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), and a few row houses and other attached homes ( 4.29%).

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 ( 43.63%), making the housing stock in St. Paul some of the oldest overall in America, although there is a range of ages of homes in St. Paul. The next most important housing age is between 1940-1969 ( 28.93%), followed by between 1970-1999 ( 20.97%). There's also some housing in St. Paul built between 2000 and later ( 6.47%).

St. Paul Home Appreciation Rates

St. Paul's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Paul during the period has been just -1.11%, which is lower than 70% of US communities.

Appreciation rates are so strong in St. Paul that despite a nationwide downturn in the housing market, St. Paul real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Paul appreciation rates continue to be some of the highest in America, at 7.26%, which is higher than appreciation rates in 82.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Paul. St. Paul appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that St. Paul's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best St. Paul real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,029

St. Paul, MN HOME PRICES

Value Range
> $1,185,000 0.5
$888,001 - $1,185,000 0.6
$593,001 - $888,000 2.7
$474,001 - $593,000 3.9
$356,001 - $474,000 8.2
$237,001 - $356,000 19.2
$119,001 - $237,000 47.0
$60,001 - $119,000 14.4
$0 - $60,000 3.5

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
34.31384038439 42.7104722792608

Number Of Homes And Apartments:
112,988

St. Paul Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
38.72% 1.92% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 47.83
Renters 52.17
Vacant 6.14

Housing Market Details

 

Age of Homes

AGE OF St. Paul HOMES
2000 or Newer 6.5
1970 - 1999 21.0
1940 - 1969 28.9
1939 or Older 43.6

Types of Homes

TYPE OF St. Paul HOMES
Single-Family 49.1
Townhomes 4.3
Small Apt. Buildings 11.6
Apt. Complexes 34.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF St. Paul HOMES
No Bedroom 3.98
1 Bedroom 22.86
2 Bedrooms 29.88
3 Bedrooms 28.06
4 Bedrooms 11.53
5 or more bedrooms 3.69