St. Paul, 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. Paul, MN Housing Market Trends

With a population of 308,096, 113,154 total housing units (homes and apartments), and a median house value of $228,873, 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 49.52% of the city's housing units. Other types of housing that are prevalent in St. Paul include large apartment complexes or high rise apartments ( 35.11%), duplexes, homes converted to apartments or other small apartment buildings ( 10.71%), and a few row houses and other attached homes ( 4.33%).

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 ( 42.62%), 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 ( 29.36%), followed by between 1970-1999 ( 19.88%). There's also some housing in St. Paul built between 2000 and later ( 8.13%).

St. Paul Home Appreciation Rates

Appreciation rates for homes in St. Paul have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.52%, which ranks in the top 30% nationwide. This equates to an annual average St. Paul house appreciation rate of 4.10%.

Over the last year, St. Paul appreciation rates have trailed the rest of the nation. In the last twelve months, St. Paul's appreciation rate has been 4.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Paul were at 2.35%, which equates to an annual appreciation rate of 9.74%.

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:
$228,873

St. Paul, MN HOME PRICES

> $1,208,000
0.6%
0.6%
$906,001 - $1,208,000
1.3%
1.3%
$604,001 - $906,000
4.3%
4.3%
$484,001 - $604,000
5.0%
5.0%
$362,001 - $484,000
10.6%
10.6%
$242,001 - $362,000
26.1%
26.1%
$121,001 - $242,000
43.0%
43.0%
$60,001 - $121,000
7.6%
7.6%
$0 - $60,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MN

Value Relative To Nation

Number Of Homes And Apartments:
113,154

St. Paul 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
77.12% 2.76%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,297 / per month

Homeownership Rate

Owners
48.9%
48.9%
Renters
51.1%
51.1%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.1%
8.1%
1970 - 1999
19.9%
19.9%
1940 - 1969
29.4%
29.4%
1939 or Older
42.6%
42.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.5%
49.5%
Townhomes
4.3%
4.3%
Small Apt. Buildings
10.7%
10.7%
Apt. Complexes
35.1%
35.1%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.3%
5.3%
1 Bedroom
20.9%
20.9%
2 Bedrooms
29.3%
29.3%
3 Bedrooms
28.3%
28.3%
4 Bedrooms
12.4%
12.4%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES