Macalester-Groveland, Saint Paul, MN—55105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Macalester-Groveland, Saint Paul, MN
As of Oct '25, the median home price in Macalester-Groveland, Saint Paul, MN is $457,000, with a year-over-year change of 2.3%. This indicates that home prices in Macalester-Groveland, 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 | $457,000 | 2.3% |
| Single Family | $471,000 | 2.4% |
| Condos | $246,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | 3.0% |
2 Bed | $328,000 | 1.9% |
3 Bed | $442,000 | 2.6% |
4 Bed | $571,000 | 2.1% |
| 5 Bed | $844,000 | 2.6% |
% of Housing Stock
Rental Trends — Macalester-Groveland, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Macalester-Groveland, Saint Paul, MN is $1,790, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Macalester-Groveland, Saint Paul, MN is studios: $1,010, 1-bedrooms: $1,170, 2-bedrooms: $1,700, 3-bedrooms: $2,600, 4-bedrooms: $2,590. The most common rental property sizes in Macalester-Groveland, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 52.6% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,790 |
| Studio Rent | $995 | $1,010 |
| 1 Bed Rent | $1,100 | $1,170 |
| 2 Bed Rent | $1,580 | $1,700 |
| 3 Bed Rent | $2,480 | $2,600 |
| 4 Bed Rent | $2,600 | $2,590 |
% of Rental Stock
Property Listings — Macalester-Groveland, Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Macalester-Groveland, Saint Paul, MN is 30. This is a decrease of -5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | -10.0% |
Listing Count | 65 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 30 | -5.0% |
Demographics — Macalester-Groveland, Saint Paul, MN
As of the latest ACS Survey released in 2023, Macalester-Groveland, Saint Paul, MN has a population of 27,500, which has increased by 2.8% over the past 5 years. Macalester-Groveland, Saint Paul, MN is a moderately popular place for families, as children make up 15.8% of the population. The area has a highly educated workforce, with 78.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 2.8% |
% Under 18 | 15.8% | -16.0% |
% Seniors | 14.6% | 29.2% |
% WFH | 27.0% | 141.1% |
% w/ College Degree | 78.0% | 3.7% |
As of the latest ACS Survey released in 2023, Macalester-Groveland, Saint Paul, MN is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Macalester-Groveland, Saint Paul, MN is hispanic, making up 5.0% of the population. Foreign-born residents account for 4.4% of the population in Macalester-Groveland, Saint Paul, MN, and this percentage has decreased by 20.0% 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 | 82.5% | -7.7% |
% Black | 3.2% | 52.4% |
% Hispanic | 5.0% | 56.2% |
% Asian | 4.1% | 24.2% |
% Foreign Born | 4.4% | -20.0% |
Mortgage and Risk — Macalester-Groveland, Saint Paul, MN
According to HUD data as of 2023, there were 487 mortgage originations in Macalester-Groveland, Saint Paul, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Macalester-Groveland, Saint Paul, MN. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Macalester-Groveland, Saint Paul, MN
As of 2024, the percent of homes in Macalester-Groveland, Saint Paul, MN under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely 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 Macalester-Groveland, 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 | 47 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,100 | $1,320 |
| 2 Bedroom | $30 | $1,580 | $1,610 |
| 3 Bedroom | -$340 | $2,480 | $2,140 |
| 4 Bedroom | -$200 | $2,600 | $2,400 |
Affordability — Macalester-Groveland, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $457,000 |
| Median Household Income | $108,000 |