South St. Paul, Minnesota Housing Market Prices
South St. Paul 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$350,000
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Median rent 7% below the Minnesota median$1,187
Housing Market Overview
| Metric | South St. Paul | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $236,718 | $248,835 |
| Price Trend (Annual %) | 39.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,187 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South St. Paul is about 48% higher than in Minnesota. Rent is about 7% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in South St. Paul, up about 39.5% and 4.4% a year respectively. Home prices are changing faster.
Median rent in South St. Paul rose about 44.9% between 2015 and 2024, from $819 to $1,187. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in South St. Paul.
Buying the median-priced home in South St. Paul costs roughly 24.6 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 South St. Paul. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | South St. Paul | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $236,718 | $248,835 |
| Median Household Income | $87,622 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in South St. Paul rose about 183.1%, while median household income rose about 42.0% 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 | South St. Paul | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.8% | 65.5% | 58.5% |
| Rental Rate | 28.5% | 25.2% | 31.2% |
| Vacancy Rate | 2.7% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
South St. Paul has a homeownership rate of 68.8%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.7%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | South St. Paul | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1958 | 1976 | 1978 |
| Median Number of Rooms | 5.8 | 6.1 | 5.5 |
The typical housing unit in South St. Paul was built around 1958. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in South St. Paul, Minnesota.
What is the median home price in South St. Paul, Minnesota?
The median home price in South St. Paul, Minnesota is $350,000, higher than the Minnesota average of $236,718.
What is the average home price in South St. Paul, Minnesota?
The typical home price in South St. Paul, Minnesota, reported as the median sale price, is $350,000. 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 South St. Paul, Minnesota?
The median gross rent in South St. Paul, Minnesota is $1,187 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in South St. Paul in 2020?
In 2020, the median gross rent in South St. Paul, Minnesota was $896 per month.
What is the price-to-rent ratio in South St. Paul, Minnesota?
The price-to-rent ratio in South St. Paul, Minnesota is about 24.6, meaning it would take roughly 24.6 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 South St. Paul.
Are home prices or rent rising faster in South St. Paul, Minnesota?
Both home prices and rent are rising in South St. Paul, up about 39.5% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in South St. Paul, Minnesota?
68.8% of households in South St. Paul, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in South St. Paul, Minnesota?
The housing vacancy rate in South St. Paul, Minnesota is 2.7%, lower than the Minnesota average of 9.3%.
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