Summit Hill, Saint Paul, MN—55102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summit Hill, Saint Paul, MN
As of Oct '25, the median home price in Summit Hill, Saint Paul, MN is $275,000, with a year-over-year change of 1.4%. This indicates that home prices in Summit Hill, Saint Paul, MN are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 1.4% |
| Single Family | $292,000 | 1.7% |
| Condos | $230,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $164,000 | 2.5% |
2 Bed | $271,000 | 1.9% |
3 Bed | $303,000 | 1.3% |
4 Bed | $341,000 | 2.1% |
| 5 Bed | $741,000 | 2.5% |
% of Housing Stock
Rental Trends — Summit Hill, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Summit Hill, Saint Paul, MN is $1,420, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Summit Hill, Saint Paul, MN is studios: $1,060, 1-bedrooms: $1,190, 2-bedrooms: $1,740, 3-bedrooms: $1,860, 4-bedrooms: $3,100. The most common rental property sizes in Summit Hill, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 45.0% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,290 | $1,420 |
| Studio Rent | $975 | $1,060 |
| 1 Bed Rent | $1,100 | $1,190 |
| 2 Bed Rent | $1,600 | $1,740 |
| 3 Bed Rent | $1,800 | $1,860 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — Summit Hill, Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Summit Hill, Saint Paul, MN is 55. This is a decrease of -15.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -9.0% |
Listing Count | 111 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 55 | -15.0% |
Demographics — Summit Hill, Saint Paul, MN
As of the latest ACS Survey released in 2023, Summit Hill, Saint Paul, MN has a population of 19,600, which has increased by 6.6% over the past 5 years. Summit Hill, Saint Paul, MN is a less popular place for families, as children make up 11.0% of the population. The area has a highly educated workforce, with 55.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 6.6% |
% Under 18 | 11.0% | -27.6% |
% Seniors | 18.2% | 13.7% |
% WFH | 25.2% | 260.0% |
% w/ College Degree | 55.1% | 11.5% |
As of the latest ACS Survey released in 2023, Summit Hill, Saint Paul, MN is a predominantly white area, with 76.9% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Summit Hill, Saint Paul, MN is black, making up 10.0% of the population. Foreign-born residents account for 9.1% of the population in Summit Hill, Saint Paul, MN, and this percentage has increased by 35.8% 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 | 76.9% | 3.9% |
% Black | 10.0% | -12.3% |
% Hispanic | 5.1% | -35.4% |
% Asian | 2.7% | 35.0% |
% Foreign Born | 9.1% | 35.8% |
Mortgage and Risk — Summit Hill, Saint Paul, MN
According to HUD data as of 2023, there were 320 mortgage originations in Summit Hill, Saint Paul, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Summit Hill, Saint Paul, MN. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 320 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Summit Hill, Saint Paul, MN
As of 2024, the percent of homes in Summit Hill, Saint Paul, MN under the Section 8 program is 19.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Summit Hill, Saint Paul, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,135 |
Total Units Section 8 | 1,076 |
% Rentals under Section 8 | 19.0% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,100 | $1,450 |
| 2 Bedroom | $170 | $1,600 | $1,770 |
| 3 Bedroom | $560 | $1,800 | $2,360 |
| 4 Bedroom | -$460 | $3,100 | $2,640 |
Affordability — Summit Hill, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $275,000 |
| Median Household Income | $74,100 |