Mortgage payment estimates, closing cost breakdowns, and homebuying data for Saint Paul, Minnesota.
Pre-filled with Saint Paul median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Saint Paul prices.
The median home price in Saint Paul is $295,000, 12% below the Minnesota state median of $335,000. With a population of 311,527, Saint Paul is a mid-size city where home prices tend to be more accessible than in many parts of Minnesota.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $295,000 home in Saint Paul would carry roughly $275/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Saint Paul is $1,380/month. The price-to-rent ratio in Saint Paul is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Saint Paul presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.