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




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St. Peter, 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. Peter Housing Market Information

With a population of 11,666, 3,582 total housing units (homes and apartments), and a median house value of $178,963, St. Peter 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. Peter, accounting for 59.63% of the city's housing units. Other types of housing that are prevalent in St. Peter include large apartment complexes or high rise apartments ( 18.43%), row houses and other attached homes ( 8.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.13%).

The most prevalent building size and type in St. Peter are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.62% owning and 54.38% renting.

There is a lot of housing in St. Peter 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. Peter built between 1940-1969 ( 23.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.13%). There's also some housing in St. Peter built before 1939 ( 15.60%).

St. Peter Home Appreciation Rates

Real estate appreciation rates in St. Peter's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

Over the last year, St. Peter appreciation rates have trailed the rest of the nation. In the last twelve months, St. Peter's appreciation rate has been 1.97%, 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. Peter were at -0.26%, which equates to an annual appreciation rate of -1.04%.

Relative to Minnesota, our data show that St. Peter's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$178,963

St. Peter, MN HOME PRICES

Value Range
> $1,095,000 0.5
$821,001 - $1,095,000 0.0
$547,001 - $821,000 0.2
$437,001 - $547,000 0.7
$328,001 - $437,000 4.9
$219,001 - $328,000 21.3
$109,001 - $219,000 56.7
$55,001 - $109,000 6.9
$0 - $55,000 8.9

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
38.4800187507325 51.129363449692

Number Of Homes And Apartments:
3,582

St. Peter 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
37.24% 1.85% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,107 / per month

Homeownership Rate

Homeownership
Owners 45.62
Renters 54.38
Vacant 4.30

Housing Market Details

 

Age of Homes

AGE OF St. Peter HOMES
2000 or Newer 19.1
1970 - 1999 42.2
1940 - 1969 23.1
1939 or Older 15.6

Types of Homes

TYPE OF St. Peter HOMES
Single-Family 59.6
Townhomes 9.0
Small Apt. Buildings 7.1
Apt. Complexes 18.4
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF St. Peter HOMES
No Bedroom 0.91
1 Bedroom 11.33
2 Bedrooms 29.33
3 Bedrooms 34.04
4 Bedrooms 18.89
5 or more bedrooms 5.50