Saint Joseph, MN—56374
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Joseph, MN
As of Oct '25, the median home price in Saint Joseph, MN is $329,000, with a year-over-year change of 5.9%. This indicates that home prices in Saint Joseph, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 5.9% |
| Single Family | $329,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | 5.5% |
3 Bed | $308,000 | 6.6% |
4 Bed | $350,000 | 6.1% |
| 5 Bed | $420,000 | 5.8% |
% of Housing Stock
Rental Trends — Saint Joseph, MN
As of July '25, Rentcast reports the average rent in Saint Joseph, MN is $1,330, with a year-over-year rent change of 33.7%. Per bedroom, the median rent as of July '25 in Saint Joseph, MN is 1-bedrooms: $800, 2-bedrooms: $1,430, 3-bedrooms: $1,350, 4-bedrooms: $1,300. The most common rental property sizes in Saint Joseph, MN are 2-bedroom and 4-bedroom, accounting for 35.6% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,240 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,240 | $1,430 |
| 3 Bed Rent | $1,200 | $1,350 |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Saint Joseph, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Joseph, MN is 52. This is a decrease of -12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -9.0% |
Listing Count | 29 | 46.0% |
| Listings as % of Homes | 0.2% | 46.0% |
Days on Market | 52 | -12.0% |
Demographics — Saint Joseph, MN
As of the latest ACS Survey released in 2023, Saint Joseph, MN has a population of 10,000, which has decreased by -5.7% over the past 5 years. Saint Joseph, MN is a moderately popular place for families, as children make up 17.8% 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 few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,000 | -5.7% |
% Under 18 | 17.8% | -19.1% |
% Seniors | 13.4% | 4.7% |
% WFH | 5.4% | -37.2% |
% w/ College Degree | 31.1% | -15.7% |
As of the latest ACS Survey released in 2023, Saint Joseph, MN is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Saint Joseph, MN is black, making up 7.4% of the population. Foreign-born residents account for 8.3% of the population in Saint Joseph, MN, and this percentage has increased by 84.4% 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 | 82.7% | -12.8% |
% Black | 7.4% | 393.3% |
% Hispanic | 3.5% | 288.9% |
% Asian | 1.3% | -7.1% |
% Foreign Born | 8.3% | 84.4% |
Mortgage and Risk — Saint Joseph, MN
According to HUD data as of 2023, there were 161 mortgage originations in Saint Joseph, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Saint Joseph, MN. Investor activity is low, as 3.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Saint Joseph, MN
As of 2024, the percent of homes in Saint Joseph, MN under the Section 8 program is 13.9%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Saint Joseph, MN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | 80.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $800 | $920 |
| 2 Bedroom | -$40 | $1,240 | $1,200 |
| 3 Bedroom | $370 | $1,200 | $1,570 |
| 4 Bedroom | $570 | $1,300 | $1,870 |
Affordability — Saint Joseph, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $329,000 |
| Median Household Income | $78,400 |