Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$255,915+5.6% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$55,477About 0.8× the local median income ($69,200): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.1%Zillow expects prices to rise strongly
The typical home in Saint Louis County, MN is worth $255,915, up 5.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $218,806, so the area is 17.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 24% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 4.1% over the next year. A household needs about $55,477 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 $69,200. Typical rent is $1,373 a month, or $1,990 for a house. In the latest IRS figures, 11 more people moved in than out.
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
$255,915
Change in 1 year
+5.6%
Overvalued %
+17.0%
Show 7 more
Fair home value
$218,806
Change in 5 years
+29.4%
Zillow forecast, next 12 months
+4.1%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,387
Income needed to afford it
$55,477
Property tax rate
1.03%
Rent and investing
Typical rent
$1,373
Typical rent for houses
$1,990
Price-to-rent ratio
15.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,207
Gross rental yield
6.44%
Cap rate (estimate)
4.18%
Market activity
Listings vs a year ago
+24.2%
Days on market
64
Listings with a price cut
20.8%
Show 3 more
Homes for sale
693
Pending sales per 100 listings
34
Asking price per sq ft
$200
People and jobs
Median household income
$69,200
Population change (1 year)
−0.1%
Unemployment rate
4.6%
Show 4 more
Population
200,518
Income adjusted for cost of living
$77,928
Net moves in (IRS)
+11
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
91.6
Flood risk score
91.8
Show 3 more
Wildfire risk score
81.7
Walkability (1 to 20)
9.1
Road, rail and air noise
52 dB
Questions people ask
Is Saint Louis County, MN overvalued?
Home prices in Saint Louis County, MN are well above what local incomes have historically supported: fair value is about $218,806, so the area is 17.0% overvalued.
Is Saint Louis County, MN a buyer's or seller's market?
Saint Louis County, MN is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 24% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Saint Louis County, MN?
Home values in Saint Louis County, MN are up 5.6% over the last year. Zillow's forecast for the next 12 months is +4.1%.
How much do you need to earn to buy a home in Saint Louis County, MN?
A household needs about $55,477 a year to afford the typical home in Saint Louis County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,200.