St. Cloud, Minnesota Housing Market Prices
St. Cloud 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 43% above the Minnesota median$338,342
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Median rent 21% below the Minnesota median$1,018
Housing Market Overview
| Metric | St. Cloud | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,342 | $236,718 | $248,835 |
| Price Trend (Annual %) | 22.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,018 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Cloud is about 43% higher than in Minnesota. Rent is about 21% lower 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 St. Cloud, up about 22.4% and 4.5% a year respectively. Home prices are changing faster.
Median rent in St. Cloud rose about 40.9% between 2015 and 2024, from $722 to $1,018. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in St. Cloud.
Buying the median-priced home in St. Cloud costs roughly 27.7 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 St. Cloud. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | St. Cloud | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,342 | $236,718 | $248,835 |
| Median Household Income | $64,039 | $89,852 | $80,455 |
| Price-to-Income Ratio | 5.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in St. Cloud rose about 161.4%, while median household income rose about 43.9% 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 | St. Cloud | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.1% | 65.5% | 58.5% |
| Rental Rate | 45.0% | 25.2% | 31.2% |
| Vacancy Rate | 6.9% | 9.3% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
St. Cloud has a homeownership rate of 48.1%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 6.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | St. Cloud | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1977 | 1976 | 1978 |
| Median Number of Rooms | 5.3 | 6.1 | 5.5 |
The typical housing unit in St. Cloud was built around 1977. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Cloud, Minnesota.
What is the median home price in St. Cloud, Minnesota?
The median home price in St. Cloud, Minnesota is $338,342, higher than the Minnesota average of $236,718.
What is the average home price in St. Cloud, Minnesota?
The typical home price in St. Cloud, Minnesota, reported as the median sale price, is $338,342. 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 St. Cloud, Minnesota?
The median gross rent in St. Cloud, Minnesota is $1,018 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in St. Cloud in 2020?
In 2020, the median gross rent in St. Cloud, Minnesota was $822 per month.
What is the price-to-rent ratio in St. Cloud, Minnesota?
The price-to-rent ratio in St. Cloud, Minnesota is about 27.7, meaning it would take roughly 27.7 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 St. Cloud.
Are home prices or rent rising faster in St. Cloud, Minnesota?
Both home prices and rent are rising in St. Cloud, up about 22.4% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Cloud, Minnesota?
48.1% of households in St. Cloud, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in St. Cloud, Minnesota?
The housing vacancy rate in St. Cloud, Minnesota is 6.9%, lower than the Minnesota average of 9.3%.
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