Payne-Phalen, Saint Paul, MN—55130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Payne-Phalen, Saint Paul, MN
As of Nov '25, the median home price in Payne-Phalen, Saint Paul, MN is $242,000, with a year-over-year change of -0.1%. This indicates that home prices in Payne-Phalen, Saint Paul, MN are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | -0.1% |
| Single Family | $243,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | -1.5% |
3 Bed | $245,000 | 0.0% |
4 Bed | $260,000 | 0.8% |
| 5 Bed | $279,174 | -0.4% |
% of Housing Stock
Rental Trends — Payne-Phalen, Saint Paul, MN
As of July '25, Rentcast reports the average rent in Payne-Phalen, Saint Paul, MN is $1,160, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Payne-Phalen, Saint Paul, MN is studios: $881, 1-bedrooms: $926, 2-bedrooms: $1,230, 3-bedrooms: $1,720. The most common rental property sizes in Payne-Phalen, Saint Paul, MN are 1-bedroom and 2-bedroom, accounting for 32.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,160 |
| Studio Rent | $849 | $881 |
| 1 Bed Rent | $885 | $926 |
| 2 Bed Rent | $1,150 | $1,230 |
| 3 Bed Rent | $1,600 | $1,720 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Payne-Phalen, Saint Paul, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Payne-Phalen, Saint Paul, MN is 51. This is a increase of 21.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | 4.0% |
Listing Count | 26 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 51 | 21.0% |
Demographics — Payne-Phalen, Saint Paul, MN
As of the latest ACS Survey released in 2023, Payne-Phalen, Saint Paul, MN has a population of 18,600, which has increased by 2.1% over the past 5 years. Payne-Phalen, Saint Paul, MN is a popular place for families, as children make up 33.0% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 2.1% |
% Under 18 | 33.0% | -6.2% |
% Seniors | 8.4% | 55.6% |
% WFH | 13.2% | 200.0% |
% w/ College Degree | 21.1% | 70.2% |
As of the latest ACS Survey released in 2023, Payne-Phalen, Saint Paul, MN is a predominantly asian area, with 47.0% of the population identifying as asian. The asian population has grown by 24.3% in the last 5 years. The second most common race or ethnicity in Payne-Phalen, Saint Paul, MN is black, making up 21.8% of the population. Foreign-born residents account for 33.2% of the population in Payne-Phalen, Saint Paul, MN, and this percentage has decreased by 2.9% 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 | 18.6% | -4.1% |
% Black | 21.8% | -1.8% |
% Hispanic | 9.4% | -35.2% |
% Asian | 47.0% | 24.3% |
% Foreign Born | 33.2% | -2.9% |
Mortgage and Risk — Payne-Phalen, Saint Paul, MN
According to HUD data as of 2023, there were 187 mortgage originations in Payne-Phalen, Saint Paul, MN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Payne-Phalen, Saint Paul, MN. Investor activity is low, as 9.0% 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 | 187 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Payne-Phalen, Saint Paul, MN
Payne-Phalen, Saint Paul, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,412 |
Total Units Section 8 | 1,390 |
% Rentals under Section 8 | 42.7% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $315 | $885 | $1,200 |
| 2 Bedroom | $310 | $1,150 | $1,460 |
| 3 Bedroom | $370 | $1,600 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Payne-Phalen, Saint Paul, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $242,000 |
| Median Household Income | $53,300 |