The Most Affordable Neighborhoods in Summit-University, St. Paul, MN by Home Value

 

Summit-University, St. Paul, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Summit-University area can be challenging. Home prices in Summit-University are now at a median cost of $341,992, higher than the St. Paul average of $324,216.

The average cost of rent is $1,287/mo in Summit-University, primarily driven by the current value of real estate in the Summit-University area. In Summit-University, 54.97% of households rent, and 39.63% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Summit-University is $6,032 per month. Households that rent pay about 21.34% of their income on rent here. Summit-University’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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