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Ramsey County, MN

RANK #592 / 996  ·  POP 547,202  ·  MN

PROJECTED GROWTH: +0.4%

Ramsey County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Ramsey County?

Ramsey County, Minnesota, distinguished by its role as home to Saint Paul, the state capital, offers a blend of urban amenities and natural spaces. It is the smallest and most densely populated county in Minnesota, yet it maintains over 6,000 acres of parkland and 92 miles of trails for various outdoor activities. The Mississippi River flows through Saint Paul, providing scenic views and recreational opportunities. Commuting throughout the county and to nearby Minneapolis is facilitated by major interstates like I-94, I-35E, and I-694, along with a public transit system that includes bus rapid transit and light rail options.

Life in Ramsey County caters to a diverse population, including families and young professionals. The county's public school system includes 287 schools. Recent economic developments focus on equitable redevelopment, with investments in affordable housing, job creation, and workforce development, particularly along major commercial corridors. Projects like the Saint Paul RiversEdge aim to revitalize the riverfront with mixed-use spaces, including residential housing and a nine-acre urban park, intending to attract long-term residents and boost the local economy.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+3.1%

Above national median

Home Prices
+1.4%

Below national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Ramsey County U.S. National

The Numbers

DEMOGRAPHICS
Population
547,202
-0.4% YoY
Median Household Income
$78,108
Median Home Value
$289,300
+1.35% 12mo
Median Rent
$1,214
Average Annual Pay
$77,908
+4.6% YoY
Employment
325,226
+0.2% YoY
Income-to-Home-Value
0.27
More affordable than average
Migration Inflow
5.19%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$325,000
Days on Market
47
Moderate pace
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
28.9%
Listings w/ Price Drops
25.2%
Building Permits (2024)
1,084
Single-Family Permits
202

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +3.1% 59 percentile
Population Growth -0.4% 13 percentile
Income Growth +9.2% 68 percentile
Vacancy Rate 1.5% 24 percentile
Home Price Change +1.4% 50 percentile
Rent Growth +3.2% 54 percentile
Price/Rent 16x 26 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Ramsey County, MN a good place to move to?

Ramsey County has a Boom Town Index score of 41/100, ranking #592 among 996 U.S. counties. With job growth at +0.2% and a median household income of $78,108, it faces some economic headwinds compared to faster-growing counties.

Is Ramsey County affordable?

The median home value in Ramsey County is $289,300 with median rent at $1,214/month. The income-to-home-value ratio is 0.27, which is more affordable than the national average.

Is Ramsey County growing or shrinking?

Population growth: -0.4% year-over-year. Job growth: +0.2%. Home values changed +1.4% in the past 12 months.

Are people moving to Ramsey County?

Yes — 5.19% of Ramsey County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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