St. Louis County, Minnesota Housing Market
In St. Louis County, Minnesota, the median home value is $221,400, with a median monthly rent of $1,013. This places St. Louis County at #1172 nationally out of 3134 counties by median home value, and #49 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: $1,187
- Establishments: 5,194
- BLS QCEW, 2025
Housing Supply
- Single-family: 237
- Multi-family: 175
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 83,511 (avg $79,952)
- Outflow: 80,325 (avg $80,404)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in St. Louis County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55705 | 277.4 | -5.68% | 2025 |
| 2 | 55779 | 276.9 | +13.60% | 2025 |
| 3 | 55719 | 243.1 | +2.63% | 2025 |
| 4 | 55792 | 245.8 | +13.79% | 2025 |
| 5 | 55806 | 278.0 | +1.39% | 2025 |
| 6 | 55808 | 287.4 | +5.64% | 2025 |
| 7 | 55805 | 292.4 | +9.05% | 2025 |
| 8 | 55812 | 282.1 | +7.56% | 2025 |
| 9 | 55803 | 275.4 | +7.99% | 2025 |
| 10 | 55741 | 250.5 | — | 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 St. Louis County Compares
| Metric | St. Louis County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $221,400 | $238,335 | $227,706 |
| Median Gross Rent | $1,013 | $938 | $968 |
| Owner Occupancy Rate | 71.2% | 77.9% | 73.3% |
| Price/Rent Ratio | 18.2 | 21.1 | 18.7 |
Market Analysis
The median home value in St. Louis County is 7.1% below the Minnesota state average and 2.8% below the U.S. national average. The median rent of $1,013/month is 8.0% above the state average.
With a price-to-rent ratio of 18.2, the buy-vs-rent decision in St. Louis County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
St. Louis County has an owner-occupancy rate of 71.2%, 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 |
|---|---|---|---|
| Cumberland County | New Jersey | $221,400 | $1,282 |
| Jasper County | Indiana | $221,500 | $962 |
| Greene County | Missouri | $221,300 | $989 |
| Niobrara County | Wyoming | $221,500 | $605 |
| Saline County | Arkansas | $221,200 | $1,033 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fillmore County | $221,100 | $797 | 82.6% |
| Waseca County | $220,800 | $883 | 80.7% |
| Polk County | $222,800 | $855 | 71.3% |
| Rock County | $224,300 | $698 | 76.6% |
| Itasca County | $225,200 | $988 | 83.0% |
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).