St. Louis County, Minnesota Housing Market Prices
St. Louis 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 45% below the Minnesota median Cheaper than 74% of counties in Minnesota$129,132
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Median rent 21% below the Minnesota median More expensive than 77% of counties in Minnesota$1,013
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | St. Louis County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,132 | $236,718 | $248,835 |
| Price Trend (Annual %) | 4.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,013 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Louis County is about 45% lower 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. Louis County, up about 4.4% and 4.8% a year respectively. Rent is changing faster.
Median rent in St. Louis County rose about 47.9% between 2015 and 2024, from $685 to $1,013. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in St. Louis County.
Buying the median-priced home in St. Louis County costs roughly 10.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in St. Louis County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | St. Louis County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,132 | $236,718 | $248,835 |
| Median Household Income | $70,519 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in St. Louis County rose about 11.4%, while median household income rose about 51.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | St. Louis County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 65.5% | 58.5% |
| Rental Rate | 24.1% | 25.2% | 31.2% |
| Vacancy Rate | 16.4% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
St. Louis County has a homeownership rate of 59.5%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 16.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | St. Louis County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1961 | 1976 | 1978 |
| Median Number of Rooms | 5.5 | 6.1 | 5.5 |
The typical housing unit in St. Louis County was built around 1961. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
St. Louis County, MN Housing Compared With Nearby Counties
St. Louis County, MN is the largest of the 4 counties compared here, 200,015 residents against a local median of 44,229. Where St. Louis County, MN breaks from the counties next to it is median home price, sitting 22% below the local median of $164,691 at $129,132.
The counties themselves spread $132,535 on median home price, so St. Louis County, MN sits at one end of an already wide local range rather than apart from it. St. Louis County, MN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| St. Louis County, MN | 200,015 | $129,132 #4/4 | $1,013 #1/4 | 71.2% #4/4 |
| Carlton County, MN | 36,511 | $164,691 | $1,009 | 80.0% |
| Itasca County, MN | 45,273 | $280,561 | $988 | 83.0% |
| Douglas County, WI | 44,229 | $148,025 | $909 | 71.9% |
Frequently Asked Questions
Common questions about the housing market in St. Louis County, Minnesota.
What is the median home price in St. Louis County, Minnesota?
The median home price in St. Louis County, Minnesota is $129,132, lower than the Minnesota average of $236,718.
What is the average home price in St. Louis County, Minnesota?
The typical home price in St. Louis County, Minnesota, reported as the median sale price, is $129,132. 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. Louis County, Minnesota?
The median gross rent in St. Louis County, Minnesota is $1,013 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in St. Louis County in 2020?
In 2020, the median gross rent in St. Louis County, Minnesota was $793 per month.
What is the price-to-rent ratio in St. Louis County, Minnesota?
The price-to-rent ratio in St. Louis County, Minnesota is about 10.6, meaning it would take roughly 10.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in St. Louis County.
Are home prices or rent rising faster in St. Louis County, Minnesota?
Both home prices and rent are rising in St. Louis County, up about 4.4% and 4.8% a year respectively. Rent is changing faster.
What is the homeownership rate in St. Louis County, Minnesota?
59.5% of households in St. Louis County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in St. Louis County, Minnesota?
The housing vacancy rate in St. Louis County, Minnesota is 16.4%, higher than the Minnesota average of 9.3%.
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