Saint Paul

MNMinneapolis–Saint Paul

Real Estate Market Analysis

Q3 2025 Report
$296,953 (June 2025)
Median Home Price
~300,000
Population
~$68,000 (Saint Paul, 2024 est.)
Median Income
Saint Paul Public Schools: mixed, generally average (C+ to B ratings)
School District Rating

Market Overview

Property Values

$296,953 (June 2025)
Median Home Price
$200 (Downtown, June 2025)
Price per Sq Ft
+0.3% year-over-year
YoY Change

Market Performance

Days on Market13 days (Saint Paul, June 2025); 44 days (metro, May 2025)
Market TypeSlightly favoring sellers, but inventory is rising
Months of Supply2.4 months (metro, May 2025)

Sales Activity

Sales Volume263 homes sold (June 2025)
Metro AreaMinneapolis–Saint Paul
Population~300,000

Economic Indicators

Employment & Growth

Unemployment RateNot specified for Saint Paul; MN statewide ~3.2% (2025 est.)
Job Growth RateSteady, with healthcare, education, and government as key drivers
Median Household Income~$68,000 (Saint Paul, 2024 est.)

Major Employers

  • State of Minnesota
  • 3M
  • Ecolab
  • HealthPartners
  • Regions Hospital

Demographics

~300,000
Population
32.5 years
Median Age
Stable, slight growth (~0.5% annually)
Population Growth
35%+ hold bachelor’s degree or higher
Education Level

Family Composition

Mix of families, singles, and young professionals

Key Industries

HealthcareEducationGovernmentManufacturingFinancial Services

Education

School District

Saint Paul Public Schools: mixed, generally average (C+ to B ratings)
District Rating

Top Schools

  • Central High School
  • Highland Park Senior High
  • Great River School

Higher Education

  • University of St. Thomas
  • Hamline University
  • Macalester College
  • Metropolitan State University

Infrastructure & Development

Major Projects

  • Riverview Corridor transit project
  • Ford Site redevelopment (Highland Bridge)

Transportation

  • Light rail Green Line expansion
  • Bus Rapid Transit (BRT) upgrades

Planned Developments

  • Affordable housing initiatives
  • Downtown revitalization projects

Lifestyle & Amenities

Recreation

  • Mississippi River parks
  • Como Park Zoo & Conservatory
  • Extensive bike trails

Dining & Entertainment

  • Lowertown dining district
  • Grand Avenue shops
  • Xcel Energy Center events

Cultural Attractions

  • Minnesota History Center
  • Science Museum of Minnesota
  • Ordway Center for the Performing Arts

Investment Analysis

Investment Opportunities

  • Rising inventory creates more options for buyers
  • Downtown condos offer entry-level investment potential
  • Strong rental demand near colleges

Growth Outlook

Stable, with modest appreciation expected through 2025

Market Risks

  • Slower price appreciation (+0.3% YoY)
  • Interest rate sensitivity
  • Competition from Minneapolis

Rental Market

Strong demand, especially for multifamily and near universities

Marketing Intelligence

Target Demographics

  • Young professionals
  • First-time buyers
  • Families seeking urban amenities

Marketing Channels

  • Zillow, Realtor.com, Redfin
  • Social media (Facebook, Instagram)
  • Local community events

Pricing Strategies

List at or slightly below recent comps to drive quick offers

Common Objections & Response Strategies

Objection: Home prices seem high for the area.

Response Strategy:

Highlight Saint Paul's relative affordability compared to Minneapolis and the metro, and point to stable price trends.

Objection: Interest rates are too high.

Response Strategy:

Discuss potential for refinancing and current seller concessions (rate buydowns, closing costs).

Objection: Inventory is rising—should I wait?

Response Strategy:

Explain that increased inventory means more choices and less competition, but prices remain stable.

Professional Recommendations

1

Advise sellers to price competitively and stage for quick sales as inventory rises.

2

Educate buyers on stable pricing and increased options, countering rate and timing concerns.

3

Highlight Saint Paul's affordability and amenities compared to Minneapolis.

4

Target marketing to young professionals and families seeking urban lifestyle.

5

Monitor inventory and days on market closely to adjust strategies in real time.

Competitive Analysis

Comparable Markets

  • Minneapolis, MN
  • Bloomington, MN
  • Maplewood, MN

Market Positioning

Affordable urban alternative to Minneapolis with strong rental and owner-occupant demand

Competitive Advantages

  • Lower median price than Minneapolis
  • Strong community amenities
  • Access to major employers

Price Comparison

Saint Paul median: $296,953 vs. Minneapolis median: ~$330,000 (2025 est.)

Investment Metrics

4.5%–5.5% (multifamily, 2025 est.)
Cap Rates
5%–6% gross yields in core neighborhoods
Rental Yields
~17–19 (2025 est.)
Price-to-Rent
Positive for well-located multifamily and single-family rentals
Cash Flow
0.5%–2% annual appreciation expected through 2026
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from increased inventory and stable prices; focus on entry-level single-family and condos.

Move-Up Buyers

Active segment; leveraging equity to upgrade to larger/newer homes.

Downsizers

Opportunities in downtown condos and townhomes; appeal to empty nesters.

Investors

Solid rental demand, especially near colleges and hospitals; focus on cash flow over appreciation.

Relocators

Drawn by affordability, amenities, and access to Twin Cities job market.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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