Ramsey County, Minnesota Housing Market Prices
Ramsey County 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 36% above the Minnesota median More expensive than 87% of counties in Minnesota$320,984
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Median rent 4% above the Minnesota median More expensive than 92% of counties in Minnesota$1,329
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ramsey County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $320,984 | $236,718 | $248,835 |
| Price Trend (Annual %) | 8.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,329 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ramsey County is about 36% higher than in Minnesota. Rent is about 4% 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 County, up about 8.7% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Ramsey County rose about 53.7% between 2015 and 2024, from $865 to $1,329. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Ramsey County.
Buying the median-priced home in Ramsey County costs roughly 20.1 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 Ramsey County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Ramsey County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $320,984 | $236,718 | $248,835 |
| Median Household Income | $82,398 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ramsey County rose about 115.5%, while median household income rose about 51.7% 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 County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 65.5% | 58.5% |
| Rental Rate | 37.3% | 25.2% | 31.2% |
| Vacancy Rate | 5.4% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Ramsey County has a homeownership rate of 57.4%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 5.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Ramsey County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1968 | 1976 | 1978 |
| Median Number of Rooms | 5.4 | 6.1 | 5.5 |
The typical housing unit in Ramsey County was built around 1968. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Ramsey County, MN Housing Compared With Nearby Counties
Ramsey County, MN is the 2nd largest of the 6 counties compared here, 542,690 residents against a local median of 370,272. Where Ramsey County, MN breaks from the counties next to it is homeownership, sitting 24% below the local median of 80.2% at 60.6%. That is the weaker end of the local range on this measure.
The counties themselves spread 23.3% on homeownership, so Ramsey County, MN sits at one end of an already wide local range rather than apart from it. Ramsey County, MN has the 6th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ramsey County, MN | 542,690 | $320,984 #3/6 | $1,329 #5/6 | 60.6% #6/6 |
| Washington County, MN | 276,224 | $209,293 | $1,710 | 81.3% |
| Anoka County, MN | 370,272 | $324,200 | $1,463 | 80.2% |
| Dakota County, MN | 445,396 | $412,524 | $1,548 | 74.9% |
| Hennepin County, MN | 1,268,249 | $303,459 | $1,486 | 62.7% |
| Chisago County, MN | 57,989 | $234,677 | $1,185 | 85.9% |
Frequently Asked Questions
Common questions about the housing market in Ramsey County, Minnesota.
What is the median home price in Ramsey County, Minnesota?
The median home price in Ramsey County, Minnesota is $320,984, higher than the Minnesota average of $236,718.
What is the average home price in Ramsey County, Minnesota?
The typical home price in Ramsey County, Minnesota, reported as the median sale price, is $320,984. 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 County, Minnesota?
The median gross rent in Ramsey County, Minnesota is $1,329 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Ramsey County in 2020?
In 2020, the median gross rent in Ramsey County, Minnesota was $1,060 per month.
What is the price-to-rent ratio in Ramsey County, Minnesota?
The price-to-rent ratio in Ramsey County, Minnesota is about 20.1, meaning it would take roughly 20.1 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 Ramsey County.
Are home prices or rent rising faster in Ramsey County, Minnesota?
Both home prices and rent are rising in Ramsey County, up about 8.7% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ramsey County, Minnesota?
57.4% of households in Ramsey County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Ramsey County, Minnesota?
The housing vacancy rate in Ramsey County, Minnesota is 5.4%, lower than the Minnesota average of 9.3%.
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