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St. Paul real estate market overview
- Average Monthly Rent: $1,413
- Home Price/Value Percentage Change: 0.00%
- Median Home Value: $276,334
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 26
- Job Market: Fair
- Public School Ranking: 15
Location and weather
St. Paul is situated in the southeastern part of Minnesota at the headwaters of the Mississippi River near the Minnesota River. It joins Minneapolis on the west and they're known as the Twin Cities.
The winters are very cold and snowy with the average high temperatures below 36 degrees and the low temperatures less than 10 degrees. Summer season lasts almost 4 months from May to September with high temperatures above 71 degrees and with lows in the mid 60's.
Population, job market and cost of living
St. Paul's population in 2023 is 319,465 with an annual growth rate of 0.84%.
The job market has decreased by -3.63% over last year. The ten-year predicted job growth is predicted to be 35.88%. This is close to the average growth of US cities. Contributing to St. Paul's job growth is a large base of manufacturing, Health Care & Social Assistance and Educational Services. Ecolab, which does energy technologies and services and 3-M Construction & Engineering are some of the major companies in St. Paul, along with Siemens, ACS Group and Thomson Financial provide many jobs for the area.
The cost of living is moderate due to the St. Paul real estate market with affordable housing. With cold winters and beautifully temperate summers, a moderate cost of living and growing population, St. Paul is a thriving place to live and work.
St. Paul real estate market details
- Downtown
- Macalester - Groveland
- Thomas Dale
- Highland
- Payne - Phalen
The average monthly rent in St. Paul is $1,413 for an average apartment size of 813 sq. feet.
There hasn't been an increase or decrease in median home value over the last year. As of 2023, the median home value is $276,334.
On average, homes in St. Paul sell after 26 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in July.
The affordability index in St. Paul is 99. This number indicates low affordability in this city.
The top ranked public schools are Turtle Lake Elementary School, Valley Crossing Elementary School, Jie Ming Mandarin Immersion Academy and Mendota Elementary School. This information is based on data measuring academic performance and equity.