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Affordable
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These days, finding an affordable place to live in the St. Louis Park area can be challenging. Home prices in St. Louis Park are now at a median cost of $410,041, higher than the Minnesota average of $345,793.
The average cost of rent is $1,812/mo in St. Louis Park, primarily driven by the current value of real estate in the St. Louis Park area. In St. Louis Park, 42.64% of households rent, and 28.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Louis Park is $9,361 per month. Households that rent pay about 19.36% of their income on rent here. St. Louis Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hopkins, MN: equally priced homes
- Golden Valley, MN: equally priced homes
- Edina, MN: higher priced homes
- Medicine Lake, MN: higher priced homes
- Minnetonka, MN: higher priced homes
- Minneapolis, MN: equally priced homes
- Robbinsdale, MN: less expensive homes
- Crystal, MN: less expensive homes
- New Hope, MN: less expensive homes
- Richfield, MN: less expensive homes
Cities with Similar Populations
- Bel Air South, MD: equally priced homes
- Bloomfield Hills, MI: higher priced homes
- Cedar Hill, TX: less expensive homes
- Cerritos, CA: higher priced homes
- Country Club, FL: less expensive homes
- Draper, UT: higher priced homes
- Morrisville, PA: higher priced homes
- Quincy, IL: less expensive homes
- Princeton, FL: equally priced homes
- Poway, CA: higher priced homes
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