Downtown, Saint Paul, MN—55101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Saint Paul, MN
As of Oct '25, the median home price in Downtown, Saint Paul, MN is $182,000, with a year-over-year change of 0.7%. This indicates that home prices in Downtown, Saint Paul, MN are flat. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 0.7% |
| Single Family | N/A | N/A |
| Condos | $176,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $164,000 | -3.0% |
2 Bed | $259,000 | -3.4% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Downtown, Saint Paul, MN is $1,610, with a year-over-year rent change of -30.0%. Per bedroom, the median rent as of July '25 in Downtown, Saint Paul, MN is studios: $1,080, 1-bedrooms: $1,560, 2-bedrooms: $2,200, 3-bedrooms: $3,200. The most common rental property sizes in Downtown, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 53.2% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,610 |
| Studio Rent | $1,100 | $1,080 |
| 1 Bed Rent | $1,500 | $1,560 |
| 2 Bed Rent | $2,320 | $2,200 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Saint Paul, MN is 66. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 4.0% |
Listing Count | 60 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 66 | 0.0% |
Demographics — Downtown, Saint Paul, MN
As of the latest ACS Survey released in 2023, Downtown, Saint Paul, MN has a population of 7,940, which has increased by 9.7% over the past 5 years. Downtown, Saint Paul, MN is a less popular place for families, as children make up 5.6% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | 9.7% |
% Under 18 | 5.6% | 19.1% |
% Seniors | 14.1% | 5.2% |
% WFH | 25.9% | 502.3% |
% w/ College Degree | 57.2% | -12.5% |
As of the latest ACS Survey released in 2023, Downtown, Saint Paul, MN is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Downtown, Saint Paul, MN is asian, making up 13.4% of the population. Foreign-born residents account for 11.4% of the population in Downtown, Saint Paul, MN, and this percentage has increased by 6.5% 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 | 67.1% | -3.9% |
% Black | 10.1% | -12.9% |
% Hispanic | 2.9% | -50.0% |
% Asian | 13.4% | 78.7% |
% Foreign Born | 11.4% | 6.5% |
Mortgage and Risk — Downtown, Saint Paul, MN
According to HUD data as of 2023, there were 77 mortgage originations in Downtown, Saint Paul, MN, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Saint Paul, MN. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Downtown, Saint Paul, MN
Downtown, Saint Paul, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 612 |
Total Units Section 8 | 613 |
% Rentals under Section 8 | 16.1% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,500 | $1,660 |
| 2 Bedroom | -$290 | $2,320 | $2,030 |
| 3 Bedroom | -$500 | $3,200 | $2,700 |
| 4 Bedroom | N/A | N/A | $3,030 |
Affordability — Downtown, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $182,000 |
| Median Household Income | $72,700 |