Zip 55116 (St. Paul, MN) Housing

The median value for housing in 55116 St. Paul, MN is $388,900, which is slightly higher than the U.S House Median Value of $338,100. The one year appreciation rate for houses across the U.S is 8.27%, although houses in 55116 St. Paul, MN have only appreciated at a rate of 4.70%. This suggests that although the median price of housing in this area is quite high compared to national averages, it may be difficult for homeowners to build equity quickly due to the lower than average appreciation rate.

The median home cost in St. Paul (zip 55116) is $388,900. Home appreciation the last 10 years has been 85.8%. Home Appreciation in St. Paul (zip 55116) is up 9.2%.

Average Age of Homes

- The median age of St. Paul (zip 55116) real estate is 60 years old

The Rental Market in St. Paul (zip 55116)

- Renters make up 47.1% of the St. Paul (zip 55116) population
- 2.3% of houses and apartments in St. Paul (zip 55116), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	St. Paul, Minnesota	United States
	12,738.0	139,647,020.0
	63	42
	$388,900	$338,100
	9.2%	16.6%
	43.3%	57.0%
	85.8%	101.1%
	$14.70	$10.98
	$5,116	$2,690
	46.7%	57.4%
	4.5%	11.2%
	48.8%	31.4%
Vacant Housing
	2.3%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.6%	2.4%
	0.4%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	5.0%	11.3%
	4.5%	13.0%
	22.9%	20.1%
	31.7%	13.6%
	15.2%	8.3%
	11.7%	9.7%
	3.8%	3.9%
	1.6%	2.2%
	0.7%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	2.9%	13.6%
	8.6%	13.2%
	12.6%	14.8%
	2.9%	13.6%
	21.7%	10.0%
	12.2%	4.7%
	20.3%	12.2%

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