Ramsey County
Minnesota · Pop. 552,352
Ranked #66 of 200 counties
48Moderate
Median Home Price
🏠$300K
3.0% YoY
Median Rent
🔑$1,400
Median Income
💰$65K
Rent Burden
📊29.5%
% of income to rent
Housing Shortage
🏗️8,000
estimated unit deficit
Building Permits (2024)
📋3,500
Price-to-Income Ratio
⚖️4.6x
Homeownership Rate
🏡56.0%
How Ramsey County Compares
| Metric | Ramsey County | Minnesota | National |
|---|---|---|---|
| Home Price | $300K | $329K | $410K |
| Rent | $1,400 | $1,264 | $1,500 |
| Income | $65K | $85K | $75K |
| Rent Burden | 29.5% | 29.0% | 30.0% |
| Homeownership | 56.0% | 72.0% | 65.0% |
Key Takeaways
- • Home prices are 27% below the national average.
- • Rent is 7% below the national average.
- • The county has an estimated housing shortage of 8,000 units.
- • 3,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.0%.