Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$334,747+1.7% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$72,566About 0.9× the local median income ($78,562): affordable for a typical household
Days on market40 daysAbout the same pace as a year ago
Next 12 months+1.6%Zillow expects prices to rise slightly
The typical home in Ramsey County, MN is worth $334,747, up 1.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $320,542, so the area is 4.4% overvalued. It is a buyer's market: homes take about 40 days to sell, listings are up 34% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 1.6% over the next year. A household needs about $72,566 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,562. Typical rent is $1,543 a month, or $2,172 for a house. In the latest IRS figures, 4,511 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$334,747
Change in 1 year
+1.7%
Overvalued %
+4.4%
Show 7 more
Fair home value
$320,542
Change in 5 years
+8.8%
Zillow forecast, next 12 months
+1.6%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,814
Income needed to afford it
$72,566
Property tax rate
1.21%
Rent and investing
Typical rent
$1,543
Typical rent for houses
$2,172
Price-to-rent ratio
18.1×
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HUD Fair Market Rent, 2 bedrooms
$1,734
Gross rental yield
5.53%
Cap rate (estimate)
3.60%
Market activity
Listings vs a year ago
+34.5%
Days on market
40
Listings with a price cut
23.4%
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Homes for sale
1,284
Pending sales per 100 listings
25
Asking price per sq ft
$195
People and jobs
Median household income
$78,562
Population change (1 year)
+0.2%
Unemployment rate
4.9%
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Population
541,623
Income adjusted for cost of living
$74,964
Net moves in (IRS)
−4,511
Cost of living (US = 100)
104.8
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
94.6
Unhealthy air days a year
9
Show 4 more
Flood risk score
93.8
Wildfire risk score
52.6
Walkability (1 to 20)
13.0
Road, rail and air noise
53 dB
Questions people ask
Is Ramsey County, MN overvalued?
Home prices in Ramsey County, MN are slightly above what local incomes have historically supported: fair value is about $320,542, so the area is 4.4% overvalued.
Is Ramsey County, MN a buyer's or seller's market?
Ramsey County, MN is a buyer's market: homes take about 40 days to sell, listings are up 34% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Ramsey County, MN?
Home values in Ramsey County, MN are up 1.7% over the last year. Zillow's forecast for the next 12 months is +1.6%.
How much do you need to earn to buy a home in Ramsey County, MN?
A household needs about $72,566 a year to afford the typical home in Ramsey County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,562.