Zip Code 55117

Saint Paul, MNRamsey County

Real Estate Market Analysis

Q3 2025 Report
$289,950 (June 2025)
Median Home Value
~32,000 (est. 2025)
Population
$62,000 (est. 2025)
Median Income
Average (C+ to B- range, Niche 2025)
School District Rating

Market Statistics

Property Values

$289,950 (June 2025)
Median Home Value
$1,600–$1,800 (est. 2025, varies by unit size)
Median Rent
$178 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation5.4% year-over-year (June 2025)
Market Velocity114 homes for sale in April 2025, up 32.6% MoM; inventory rising, especially for 3-4 bedroom homes[1]
Foreclosure RateLow, consistent with Twin Cities metro averages (2025 est.)

Area Information

Area SizeApproximately 8.5 sq mi
CountyRamsey
Primary CitySaint Paul

Housing Profile

Housing Statistics

Total Housing Units~8,500 (est. 2025)
Owner Occupied~55% (est.)
Rental Properties~45% (est.)
Vacant Units~4% (est.)
New ConstructionTwin Cities metro up 25% YoY in Jan 2025, but still undersupplied; multifamily starts remain low[2][3][4]

Housing Types

Single-family homesDuplexesSmall multifamily (2–4 units)Larger apartment complexes

Demographics

~32,000 (est. 2025)
Population
34 (est.)
Median Age
$62,000 (est. 2025)
Median Income
~96% (unemployment ~4%)
Employment Rate
High school diploma or higher: ~88%; Bachelor’s degree or higher: ~28%
Education Levels
Mix of families, singles, and multi-generational households
Family Composition

Education Quality

School District Performance

Average (C+ to B- range, Niche 2025)
District Rating
School DistrictSaint Paul Public Schools (ISD 625)
Test ScoresBelow state average in math and reading (2024-2025)
Graduation Rates~75% (district-wide, 2024)

Schools in Area

  • Washington Technology Magnet School
  • Como Park Senior High
  • Multiple elementary and charter schools

Economic Factors

Employment & Business

Job GrowthModest, in line with metro trends (1.2% YoY est.)
Unemployment Rate~4% (2025 est.)
Business EnvironmentStable, with small business growth and proximity to downtown St. Paul
Commercial ActivityLocal retail, healthcare, and light industrial

Major Employers

  • HealthPartners
  • State of Minnesota
  • Saint Paul Public Schools
  • Local retail and service businesses

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-35E
  • MN-36
  • Metro Transit bus lines

Utilities & Services

  • Xcel Energy (electric/gas)
  • Saint Paul Regional Water Services
  • City sanitation

Quality of Life

Safety & Environment

Moderate; property crime slightly above state average, violent crime near metro average

Good, with access to parks and lakes; some traffic-related air quality concerns

Healthcare Access

  • Regions Hospital
  • HealthPartners clinics
  • Local urgent care

Development Trends

Planned Developments

  • Small-scale infill housing
  • Mixed-use redevelopment along Rice Street

Infrastructure Projects

  • Road resurfacing (Rice St.)
  • Pedestrian/bike improvements

Investment Outlook

Growth Outlook

Steady, with moderate population and housing demand increases

Investment Opportunities

  • Value-add multifamily
  • Starter homes for first-time buyers
  • Small-scale redevelopment

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Investors seeking cash flow
  • Renters transitioning to ownership

Competitive Advantages

  • Lower price point than central St. Paul
  • Diverse housing stock
  • Strong rental demand

Pricing Strategies

Competitive pricing below metro median; incentives for quick close

Common Objections & Response Strategies

Objection: Concerns about school ratings

Response Strategy:

Highlight magnet and charter options, and ongoing district improvement efforts

Objection: Perceived crime rates

Response Strategy:

Share neighborhood watch initiatives, recent safety investments, and compare to similar urban areas

Objection: Older housing stock

Response Strategy:

Emphasize value, renovation potential, and recent updates in many homes

Professional Recommendations

1

Target marketing to first-time buyers and investors

2

Emphasize affordability, rental demand, and proximity to downtown

3

Prepare for questions on schools and safety with data-driven responses

4

Highlight renovation potential and recent updates

5

Monitor new construction and zoning changes for future opportunities

Competitive Analysis

Comparable Markets

  • 55106 (East St. Paul)
  • 55130 (North End)
  • 55104 (Midway)

Market Positioning

Affordable, diverse, and accessible urban neighborhood

Competitive Advantages

  • Lower median price than 55104/55105
  • Higher rental yields than 55105
  • More diverse housing than 55130

Price Comparison

~10–20% below St. Paul citywide median

Investment Metrics

5.5%–6.5% (multifamily, 2025 est.)
Cap Rates
6%–7% gross yield (single-family/multifamily)
Rental Yields
~13–15 (2025 est.)
Price-to-Rent
Strong for well-managed rentals; value-add opportunities exist
Cash Flow
4%–6% annual (2025–2027 est.)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability and starter home options; may need education on renovation/financing

Move-Up Buyers

Limited inventory of larger/newer homes; may look to adjacent zips for upgrades

Downsizers

Some appeal in smaller single-level homes and condos, but limited supply

Investors

Strong rental demand and cash flow; value-add and small multifamily attractive

Relocators

Drawn by proximity to downtown, parks, and transit; may compare to other affordable St. Paul zips

This zip code 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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