Hamline-Midway, Saint Paul, MN—55104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamline-Midway, Saint Paul, MN
As of Oct '25, the median home price in Hamline-Midway, Saint Paul, MN is $296,000, with a year-over-year change of -0.6%. This indicates that home prices in Hamline-Midway, Saint Paul, MN are flat. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $296,000 | -0.6% |
| Single Family | $301,000 | -0.7% |
| Condos | $182,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $177,000 | 0.6% |
2 Bed | $237,000 | -1.2% |
3 Bed | $292,000 | -0.7% |
4 Bed | $356,000 | 0.0% |
| 5 Bed | $454,000 | -0.7% |
% of Housing Stock
Rental Trends — Hamline-Midway, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Hamline-Midway, Saint Paul, MN is $1,720, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Hamline-Midway, Saint Paul, MN is studios: $974, 1-bedrooms: $1,070, 2-bedrooms: $1,520, 3-bedrooms: $2,210, 4-bedrooms: $2,440. The most common rental property sizes in Hamline-Midway, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 38.0% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,470 | $1,720 |
| Studio Rent | $895 | $974 |
| 1 Bed Rent | $1,030 | $1,070 |
| 2 Bed Rent | $1,410 | $1,520 |
| 3 Bed Rent | $2,100 | $2,210 |
| 4 Bed Rent | $2,480 | $2,440 |
% of Rental Stock
Property Listings — Hamline-Midway, Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamline-Midway, Saint Paul, MN is 33. This is a decrease of -6.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $321,000 | 8.0% |
Listing Count | 106 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 33 | -6.0% |
Demographics — Hamline-Midway, Saint Paul, MN
As of the latest ACS Survey released in 2023, Hamline-Midway, Saint Paul, MN has a population of 45,800, which has remained stable by 0.5% over the past 5 years. Hamline-Midway, Saint Paul, MN is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 52.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,800 | 0.5% |
% Under 18 | 21.4% | -0.9% |
% Seniors | 11.0% | 22.2% |
% WFH | 19.4% | 207.9% |
% w/ College Degree | 52.1% | 9.7% |
As of the latest ACS Survey released in 2023, Hamline-Midway, Saint Paul, MN is a predominantly white area, with 59.8% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Hamline-Midway, Saint Paul, MN is black, making up 19.3% of the population. Foreign-born residents account for 12.4% of the population in Hamline-Midway, Saint Paul, MN, and this percentage has decreased by 12.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.8% | 1.7% |
% Black | 19.3% | 0.0% |
% Hispanic | 6.6% | -1.5% |
% Asian | 6.9% | -19.8% |
% Foreign Born | 12.4% | -12.7% |
Mortgage and Risk — Hamline-Midway, Saint Paul, MN
According to HUD data as of 2023, there were 608 mortgage originations in Hamline-Midway, Saint Paul, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hamline-Midway, Saint Paul, MN. Investor activity is low, as 7.0% 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 | 608 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Hamline-Midway, Saint Paul, MN
As of 2024, the percent of homes in Hamline-Midway, Saint Paul, MN under the Section 8 program is 20.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Hamline-Midway, Saint Paul, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,058 |
Total Units Section 8 | 1,832 |
% Rentals under Section 8 | 20.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,030 | $1,200 |
| 2 Bedroom | $60 | $1,410 | $1,470 |
| 3 Bedroom | -$130 | $2,100 | $1,970 |
| 4 Bedroom | -$240 | $2,480 | $2,240 |
Affordability — Hamline-Midway, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $296,000 |
| Median Household Income | $75,000 |