Ramsey, MN—55303
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ramsey, MN
As of Oct '25, the median home price in Ramsey, MN is $373,000, with a year-over-year change of 3.0%. This indicates that home prices in Ramsey, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | 3.0% |
| Single Family | $375,000 | 3.3% |
| Condos | $256,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $252,000 | -1.2% |
2 Bed | $295,000 | 2.8% |
3 Bed | $351,000 | 3.5% |
4 Bed | $412,000 | 3.0% |
| 5 Bed | $476,000 | 2.6% |
% of Housing Stock
Rental Trends — Ramsey, MN
As of July '25, Rentcast reports the average rent in Ramsey, MN is $1,580, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Ramsey, MN is studios: $1,300, 1-bedrooms: $1,190, 2-bedrooms: $1,360, 3-bedrooms: $2,340, 4-bedrooms: $2,730. The most common rental property sizes in Ramsey, MN are 2-bedroom and 1-bedroom, accounting for 45.1% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,580 |
| Studio Rent | $999 | $1,300 |
| 1 Bed Rent | $1,200 | $1,190 |
| 2 Bed Rent | $1,300 | $1,360 |
| 3 Bed Rent | $2,300 | $2,340 |
| 4 Bed Rent | $2,690 | $2,730 |
% of Rental Stock
Property Listings — Ramsey, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ramsey, MN is 29. This is a decrease of -1.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -8.0% |
Listing Count | 205 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 29 | -1.0% |
Demographics — Ramsey, MN
As of the latest ACS Survey released in 2023, Ramsey, MN has a population of 52,100, which has increased by 5.6% over the past 5 years. Ramsey, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,100 | 5.6% |
% Under 18 | 24.6% | 1.2% |
% Seniors | 15.9% | 17.8% |
% WFH | 13.1% | 156.9% |
% w/ College Degree | 31.1% | 17.8% |
As of the latest ACS Survey released in 2023, Ramsey, MN is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Ramsey, MN is black, making up 7.1% of the population. Foreign-born residents account for 6.7% of the population in Ramsey, MN, and this percentage has increased by 19.6% 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 | 81.6% | -7.2% |
% Black | 7.1% | 102.9% |
% Hispanic | 3.7% | 27.6% |
% Asian | 3.1% | 19.2% |
% Foreign Born | 6.7% | 19.6% |
Mortgage and Risk — Ramsey, MN
According to HUD data as of 2023, there were 469 mortgage originations in Ramsey, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Ramsey, MN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 469 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ramsey, MN
As of 2024, the percent of homes in Ramsey, MN under the Section 8 program is 9.5%. 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 Ramsey, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 452 |
Total Units Section 8 | 452 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,200 | $1,330 |
| 2 Bedroom | $320 | $1,300 | $1,620 |
| 3 Bedroom | -$140 | $2,300 | $2,160 |
| 4 Bedroom | -$270 | $2,690 | $2,420 |
Affordability — Ramsey, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $373,000 |
| Median Household Income | $101,000 |