Maplewood, Minnesota Housing Market Prices
Maplewood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 44% above the Minnesota median$341,393
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Median rent 10% above the Minnesota median$1,404
Housing Market Overview
| Metric | Maplewood | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,393 | $236,718 | $248,835 |
| Price Trend (Annual %) | 2.6% | 6.6% | 7.5% |
| Median Gross Rent | $1,404 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maplewood is about 44% higher than in Minnesota. Rent is about 10% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Maplewood, up about 2.6% and 4.1% a year respectively. Rent is changing faster.
Median rent in Maplewood rose about 47.6% between 2015 and 2024, from $952 to $1,404. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Maplewood.
Buying the median-priced home in Maplewood costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Maplewood. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Maplewood | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,393 | $236,718 | $248,835 |
| Median Household Income | $95,114 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Maplewood rose about 51.8%, while median household income rose about 50.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Maplewood | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 65.5% | 58.5% |
| Rental Rate | 26.6% | 25.2% | 31.2% |
| Vacancy Rate | 5.4% | 9.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Maplewood has a homeownership rate of 68.0%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 5.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Maplewood | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1979 | 1976 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Maplewood was built around 1979. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maplewood, Minnesota.
What is the median home price in Maplewood, Minnesota?
The median home price in Maplewood, Minnesota is $341,393, higher than the Minnesota average of $236,718.
What is the average home price in Maplewood, Minnesota?
The typical home price in Maplewood, Minnesota, reported as the median sale price, is $341,393. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Maplewood, Minnesota?
The median gross rent in Maplewood, Minnesota is $1,404 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Maplewood in 2020?
In 2020, the median gross rent in Maplewood, Minnesota was $1,149 per month.
What is the price-to-rent ratio in Maplewood, Minnesota?
The price-to-rent ratio in Maplewood, Minnesota is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Maplewood.
Are home prices or rent rising faster in Maplewood, Minnesota?
Both home prices and rent are rising in Maplewood, up about 2.6% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Maplewood, Minnesota?
68.0% of households in Maplewood, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Maplewood, Minnesota?
The housing vacancy rate in Maplewood, Minnesota is 5.4%, lower than the Minnesota average of 9.3%.
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