St. Louis Park, Saint Louis Park, MN—55426
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — St. Louis Park, Saint Louis Park, MN
As of Oct '25, the median home price in St. Louis Park, Saint Louis Park, MN is $359,000, with a year-over-year change of 1.7%. This indicates that home prices in St. Louis Park, Saint Louis Park, MN are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | 1.7% |
| Single Family | $374,000 | 1.6% |
| Condos | $180,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $150,000 | -2.6% |
2 Bed | $273,000 | 0.0% |
3 Bed | $365,000 | 1.7% |
4 Bed | $444,000 | 1.8% |
| 5 Bed | $598,000 | 3.1% |
% of Housing Stock
Rental Trends — St. Louis Park, Saint Louis Park, MN
As of July '25, Rentcast reports the average rent in St. Louis Park, Saint Louis Park, MN is $1,810, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in St. Louis Park, Saint Louis Park, MN is studios: $1,360, 1-bedrooms: $1,250, 2-bedrooms: $1,470, 3-bedrooms: $2,490, 4-bedrooms: $2,780. The most common rental property sizes in St. Louis Park, Saint Louis Park, MN are 1-bedroom and 2-bedroom, accounting for 42.0% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,810 |
| Studio Rent | $1,420 | $1,360 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,300 | $1,470 |
| 3 Bed Rent | $2,380 | $2,490 |
| 4 Bed Rent | $2,740 | $2,780 |
% of Rental Stock
Property Listings — St. Louis Park, Saint Louis Park, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in St. Louis Park, Saint Louis Park, MN is 37. This is a increase of 9.0% 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 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 | -1.0% |
Listing Count | 122 | 47.0% |
| Listings as % of Homes | 0.3% | 47.0% |
Days on Market | 37 | 9.0% |
Demographics — St. Louis Park, Saint Louis Park, MN
As of the latest ACS Survey released in 2023, St. Louis Park, Saint Louis Park, MN has a population of 25,500, which has decreased by -4.1% over the past 5 years. St. Louis Park, Saint Louis Park, MN is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 56.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | -4.1% |
% Under 18 | 17.8% | -2.2% |
% Seniors | 18.5% | 31.2% |
% WFH | 21.9% | 366.0% |
% w/ College Degree | 56.3% | 7.9% |
As of the latest ACS Survey released in 2023, St. Louis Park, Saint Louis Park, MN is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in St. Louis Park, Saint Louis Park, MN is hispanic, making up 6.0% of the population. Foreign-born residents account for 8.5% of the population in St. Louis Park, Saint Louis Park, MN, and this percentage has decreased by 24.1% 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 | 75.9% | -2.9% |
% Black | 4.4% | -58.5% |
% Hispanic | 6.0% | 93.5% |
% Asian | 5.7% | 29.5% |
% Foreign Born | 8.5% | -24.1% |
Mortgage and Risk — St. Louis Park, Saint Louis Park, MN
According to HUD data as of 2023, there were 495 mortgage originations in St. Louis Park, Saint Louis Park, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in St. Louis Park, Saint Louis Park, MN. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 495 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — St. Louis Park, Saint Louis Park, MN
As of 2024, the percent of homes in St. Louis Park, Saint Louis Park, MN under the Section 8 program is 11.1%. 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 St. Louis Park, Saint Louis Park, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 585 |
Total Units Section 8 | 428 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,200 | $1,430 |
| 2 Bedroom | $450 | $1,300 | $1,750 |
| 3 Bedroom | -$50 | $2,380 | $2,330 |
| 4 Bedroom | -$130 | $2,740 | $2,610 |
Affordability — St. Louis Park, Saint Louis Park, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $359,000 |
| Median Household Income | $96,900 |