Saint Peter, MN—56082
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Saint Peter, MN
Home Price Trends — Saint Peter, MN
As of Oct '25, the median home price in Saint Peter, MN is $290,000, with a year-over-year change of 5.5%. This indicates that home prices in Saint Peter, MN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 5.5% |
| Single Family | $291,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $262,000 | 5.6% |
3 Bed | $282,000 | 5.6% |
4 Bed | $317,000 | 5.7% |
| 5 Bed | $382,000 | 4.9% |
% of Housing Stock
Rental Trends — Saint Peter, MN
As of July '25, Rentcast reports the average rent in Saint Peter, MN is $1,310, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Saint Peter, MN is studios: $812, 1-bedrooms: $1,250, 2-bedrooms: $1,390, 3-bedrooms: $1,330, 4-bedrooms: $1,760. The most common rental property sizes in Saint Peter, MN are 2-bedroom and 1-bedroom, accounting for 45.6% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,310 |
| Studio Rent | $800 | $812 |
| 1 Bed Rent | $1,320 | $1,250 |
| 2 Bed Rent | $1,480 | $1,390 |
| 3 Bed Rent | $1,400 | $1,330 |
| 4 Bed Rent | $1,750 | $1,760 |
% of Rental Stock
Property Listings — Saint Peter, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Peter, MN is 48. This is a decrease of -13.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 2.0% |
Listing Count | 35 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 48 | -13.0% |
Demographics — Saint Peter, MN
As of the latest ACS Survey released in 2023, Saint Peter, MN has a population of 14,500, which has remained stable by 0.1% over the past 5 years. Saint Peter, MN is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 0.1% |
% Under 18 | 17.5% | -10.3% |
% Seniors | 16.6% | 14.5% |
% WFH | 18.8% | -2.1% |
% w/ College Degree | 31.6% | -0.3% |
As of the latest ACS Survey released in 2023, Saint Peter, MN is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Saint Peter, MN is hispanic, making up 6.8% of the population. Foreign-born residents account for 6.6% of the population in Saint Peter, 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 | 81.6% | -4.6% |
% Black | 6.1% | 90.6% |
% Hispanic | 6.8% | 3.0% |
% Asian | 1.6% | -42.9% |
% Foreign Born | 6.6% | 6.5% |
Mortgage and Risk — Saint Peter, MN
According to HUD data as of 2023, there were 217 mortgage originations in Saint Peter, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Saint Peter, MN. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Saint Peter, MN
As of 2024, the percent of homes in Saint Peter, MN under the Section 8 program is 16.0%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Saint Peter, MN, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 330 |
Total Units Section 8 | 268 |
% Rentals under Section 8 | 16.0% |
% Occupied Section 8 | 78.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,320 | $940 |
| 2 Bedroom | -$330 | $1,480 | $1,150 |
| 3 Bedroom | $210 | $1,400 | $1,610 |
| 4 Bedroom | $180 | $1,750 | $1,930 |
Affordability — Saint Peter, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $290,000 |
| Median Household Income | $72,300 |