Ramsey County, Minnesota Housing Market
In Ramsey County, Minnesota, the median home value is $326,600, with a median monthly rent of $1,329. This places Ramsey County at #501 nationally out of 3134 counties by median home value, and #12 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,541
- Establishments: 14,636
- BLS QCEW, 2025
Housing Supply
- Single-family: 273
- Multi-family: 435
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 229,938 (avg $91,507)
- Outflow: 227,121 (avg $92,562)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Ramsey County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55130 | 247.7 | +7.62% | 2025 |
| 2 | 55105 | 228.8 | +5.28% | 2025 |
| 3 | 55113 | 229.3 | +3.11% | 2025 |
| 4 | 55106 | 228.8 | +3.22% | 2025 |
| 5 | 55103 | 233.1 | +5.44% | 2025 |
| 6 | 55107 | 234.6 | +0.99% | 2025 |
| 7 | 55108 | 235.9 | +4.49% | 2025 |
| 8 | 55102 | 252.7 | +3.93% | 2025 |
| 9 | 55116 | 231.2 | +4.21% | 2025 |
| 10 | 55109 | 216.1 | +0.26% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ramsey County Compares
| Metric | Ramsey County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $326,600 | $238,335 | $227,706 |
| Median Gross Rent | $1,329 | $938 | $968 |
| Owner Occupancy Rate | 60.6% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.5 | 21.1 | 18.7 |
Market Analysis
The median home value in Ramsey County is 37.0% above the Minnesota state average and 43.4% above the U.S. national average. The median rent of $1,329/month is 41.7% above the state average.
With a price-to-rent ratio of 20.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ramsey County has an owner-occupancy rate of 60.6%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Johnson County | Wyoming | $326,800 | $1,029 |
| Paulding County | Georgia | $326,300 | $1,772 |
| Kane County | Illinois | $327,000 | $1,453 |
| Lancaster County | Virginia | $327,000 | $1,033 |
| Shelby County | Alabama | $326,100 | $1,401 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Olmsted County | $331,700 | $1,370 | 70.6% |
| Douglas County | $321,400 | $927 | 76.5% |
| Rice County | $320,200 | $1,083 | 76.3% |
| Cook County | $336,200 | $886 | 77.7% |
| Le Sueur County | $316,500 | $942 | 81.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).