South Saint Paul, MN—55075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Saint Paul, MN
As of Oct '25, the median home price in South Saint Paul, MN is $291,000, with a year-over-year change of 2.4%. This indicates that home prices in South Saint Paul, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 2.4% |
| Single Family | $292,000 | 2.5% |
| Condos | $204,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $182,000 | 2.2% |
2 Bed | $248,000 | 2.5% |
3 Bed | $291,000 | 2.5% |
4 Bed | $329,000 | 2.5% |
| 5 Bed | $368,000 | 2.5% |
% of Housing Stock
Rental Trends — South Saint Paul, MN
As of July '25, Rentcast reports the average rent in South Saint Paul, MN is $1,300, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in South Saint Paul, MN is studios: $1,200, 1-bedrooms: $1,030, 2-bedrooms: $1,270, 3-bedrooms: $1,940. The most common rental property sizes in South Saint Paul, MN are 2-bedroom and 1-bedroom, accounting for 42.4% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | $1,240 | $1,200 |
| 1 Bed Rent | $1,080 | $1,030 |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $2,000 | $1,940 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in South Saint Paul, MN is 32. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 0.0% |
Listing Count | 55 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 32 | -20.0% |
Demographics — South Saint Paul, MN
As of the latest ACS Survey released in 2023, South Saint Paul, MN has a population of 20,700, which has increased by 1.9% over the past 5 years. South Saint Paul, MN is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | 1.9% |
% Under 18 | 22.5% | -8.9% |
% Seniors | 14.7% | 19.5% |
% WFH | 11.7% | 244.1% |
% w/ College Degree | 30.8% | 15.4% |
As of the latest ACS Survey released in 2023, South Saint Paul, MN is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in South Saint Paul, MN is hispanic, making up 17.4% of the population. Foreign-born residents account for 8.1% of the population in South Saint Paul, MN, and this percentage has increased by 26.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.3% | -4.6% |
% Black | 4.6% | 64.3% |
% Hispanic | 17.4% | 18.4% |
% Asian | 2.4% | 14.3% |
% Foreign Born | 8.1% | 26.6% |
Mortgage and Risk — South Saint Paul, MN
According to HUD data as of 2023, there were 410 mortgage originations in South Saint Paul, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in South Saint Paul, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 410 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — South Saint Paul, MN
South Saint Paul, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 527 |
Total Units Section 8 | 230 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,080 | $1,200 |
| 2 Bedroom | $160 | $1,300 | $1,460 |
| 3 Bedroom | -$30 | $2,000 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — South Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $291,000 |
| Median Household Income | $84,600 |