St. Paul, MN
Ramsey County · Pop. 307,193
Ranked #91 of 243 cities
46Moderate
Median Home Price
🏠$280K
3.0% YoY
Median Rent
🔑$1,350
2.5% YoY
Median Income
💰$58K
Rent Burden
📊30.5%
% of income to rent
Income to Buy
🏦$81K
annual income needed
Income to Rent
📝$54K
annual income needed
Price-to-Income
⚖️4.8x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,490/mo
Est. mortgage (7%, 20% down)
Need $81K/yr income
Rent
$1,350/mo
Median rent
Need $54K/yr income
How St. Paul Compares
| Metric | St. Paul | Minnesota | National |
|---|---|---|---|
| Home Price | $280K | $329K | $410K |
| Rent | $1,350 | $1,264 | $1,500 |
| Income | $58K | $85K | $75K |
| Rent Burden | 30.5% | 29.0% | 30.0% |
Key Takeaways
- • Home prices in St. Paul are 32% lower than the national average.
- • Rent is 10% lower than the national average.
- • You need an income of $81K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.