Ramsey, Minnesota Housing Market Prices
Ramsey 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 48% above the Minnesota median$349,999
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Median rent 42% above the Minnesota median$1,823
Housing Market Overview
| Metric | Ramsey | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,999 | $236,718 | $248,835 |
| Price Trend (Annual %) | 10.9% | 6.6% | 7.5% |
| Median Gross Rent | $1,823 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ramsey is about 48% higher than in Minnesota. Rent is about 42% 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 Ramsey, up about 10.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Ramsey rose about 39.4% between 2015 and 2024, from $1,308 to $1,823. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Ramsey.
Buying the median-priced home in Ramsey costs roughly 16.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ramsey. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Ramsey | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,999 | $236,718 | $248,835 |
| Median Household Income | $113,757 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ramsey rose about 94.9%, while median household income rose about 35.9% 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 | Ramsey | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.8% | 65.5% | 58.5% |
| Rental Rate | 14.7% | 25.2% | 31.2% |
| Vacancy Rate | 2.5% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Ramsey has a homeownership rate of 82.8%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.5%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Ramsey | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1992 | 1976 | 1978 |
| Median Number of Rooms | 6.7 | 6.1 | 5.5 |
The typical housing unit in Ramsey was built around 1992. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ramsey, Minnesota.
What is the median home price in Ramsey, Minnesota?
The median home price in Ramsey, Minnesota is $349,999, higher than the Minnesota average of $236,718.
What is the average home price in Ramsey, Minnesota?
The typical home price in Ramsey, Minnesota, reported as the median sale price, is $349,999. 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 Ramsey, Minnesota?
The median gross rent in Ramsey, Minnesota is $1,823 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Ramsey in 2020?
In 2020, the median gross rent in Ramsey, Minnesota was $1,508 per month.
What is the price-to-rent ratio in Ramsey, Minnesota?
The price-to-rent ratio in Ramsey, Minnesota is about 16.0, meaning it would take roughly 16.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ramsey.
Are home prices or rent rising faster in Ramsey, Minnesota?
Both home prices and rent are rising in Ramsey, up about 10.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ramsey, Minnesota?
82.8% of households in Ramsey, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Ramsey, Minnesota?
The housing vacancy rate in Ramsey, Minnesota is 2.5%, lower than the Minnesota average of 9.3%.
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