St. Louis Park, MN is a great place to invest in housing with its median value of $355,700, which is slightly higher than the US House Median Value of $338,100. Although the 1 year appreciation rate for houses in St. Louis Park (4.79%) is lower than the US rate (8.27%), it still offers potential security and stability for an investment. The local market in St. Louis Park is highly competitive and desirable due to its quality schools, parks and businesses that bring people together from all over the area.
The median home cost in St. Louis Park is $355,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in St. Louis Park is up 7.1%.
Average Age of Homes
- The median age of St. Louis Park real estate is 54 years old
The Rental Market in St. Louis Park
- Renters make up 40.3% of the St. Louis Park population
- 2.0% of houses and apartments in St. Louis Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.