Highland Park, Saint Paul, MN—55116
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Park, Saint Paul, MN
As of Oct '25, the median home price in Highland Park, Saint Paul, MN is $438,000, with a year-over-year change of 2.0%. This indicates that home prices in Highland Park, Saint Paul, MN are increasing. 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 | $438,000 | 2.0% |
| Single Family | $456,000 | 2.2% |
| Condos | $218,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $181,000 | -1.1% |
2 Bed | $304,000 | 1.7% |
3 Bed | $435,000 | 2.4% |
4 Bed | $582,000 | 2.3% |
| 5 Bed | $773,000 | 2.8% |
% of Housing Stock
Rental Trends — Highland Park, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Highland Park, Saint Paul, MN is $1,570, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Highland Park, Saint Paul, MN is studios: $1,110, 1-bedrooms: $1,140, 2-bedrooms: $1,520, 3-bedrooms: $2,820, 4-bedrooms: $3,210. The most common rental property sizes in Highland Park, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 49.6% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,570 |
| Studio Rent | $975 | $1,110 |
| 1 Bed Rent | $1,060 | $1,140 |
| 2 Bed Rent | $1,550 | $1,520 |
| 3 Bed Rent | $2,400 | $2,820 |
| 4 Bed Rent | $2,650 | $3,210 |
% of Rental Stock
Property Listings — Highland Park, Saint Paul, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Park, Saint Paul, MN is 34. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $645,000 | 27.0% |
Listing Count | 68 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 34 | 4.0% |
Demographics — Highland Park, Saint Paul, MN
As of the latest ACS Survey released in 2023, Highland Park, Saint Paul, MN has a population of 26,100, which has increased by 7.9% over the past 5 years. Highland Park, Saint Paul, MN is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 59.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 7.9% |
% Under 18 | 19.7% | -2.0% |
% Seniors | 20.2% | 21.0% |
% WFH | 21.3% | 217.9% |
% w/ College Degree | 59.8% | -3.7% |
As of the latest ACS Survey released in 2023, Highland Park, Saint Paul, MN is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Highland Park, Saint Paul, MN is black, making up 13.2% of the population. Foreign-born residents account for 15.1% of the population in Highland Park, Saint Paul, MN, and this percentage has increased by 11.0% 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 | 72.7% | -4.7% |
% Black | 13.2% | 9.1% |
% Hispanic | 4.4% | 22.2% |
% Asian | 4.2% | 5.0% |
% Foreign Born | 15.1% | 11.0% |
Mortgage and Risk — Highland Park, Saint Paul, MN
According to HUD data as of 2023, there were 376 mortgage originations in Highland Park, Saint Paul, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Highland Park, Saint Paul, MN. Investor activity is low, as 5.0% 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 | 376 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Highland Park, Saint Paul, MN
As of 2024, the percent of homes in Highland Park, Saint Paul, MN under the Section 8 program is 12.2%. 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 Highland Park, 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 | 825 |
Total Units Section 8 | 787 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,060 | $1,320 |
| 2 Bedroom | $60 | $1,550 | $1,610 |
| 3 Bedroom | -$260 | $2,400 | $2,140 |
| 4 Bedroom | -$250 | $2,650 | $2,400 |
Affordability — Highland Park, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $438,000 |
| Median Household Income | $83,200 |