South St. Paul, MN Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
South St. Paul, MN Housing Market Trends
With 20,506 people, 8,263 houses or apartments, and a median cost of homes of $293,582, South St. Paul real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in South St. Paul, accounting for 67.32% of the city's housing units. Other types of housing that are prevalent in South St. Paul include large apartment complexes or high rise apartments ( 15.89%), duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), and a few row houses and other attached homes ( 5.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South St. Paul. Owner-occupied housing accounts for 70.62% of South St. Paul's homes, and 55.96% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South St. Paul's housing was primarily built during this period, from the '40s through the '60s. A full 46.91% of the city's housing hails from this era. Other housing ages represented in South St. Paul include homes built before 1939 ( 23.35%) and housing constructed between 1970-1999 ( 22.54%). There's also some housing in South St. Paul built between 2000 and later ( 7.20%).
South St. Paul Home Appreciation Rates
Real estate appreciation rates in South St. Paul's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.43% during the period.
Over the last year, South St. Paul appreciation rates have trailed the rest of the nation. In the last twelve months, South St. Paul's appreciation rate has been 1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South St. Paul were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that South St. Paul's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South St. Paul differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South St. Paul - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South St. Paul real estate investment or home purchase decisions.
Median Home Value
$293,582
Average
for Minnesota
Average
for nation
Number of Homes And Apartments:
8,263
MN
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,718 / per month