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Ramsey County, MN

St. Paul

RANK #340 / 996 NAT  ·  #8 / 18 MN  ·  POP 547,202

1YR FORECAST: +1.4%

5YR OUTLOOK: +28%

Our model projects above-average housing market growth for Ramsey County at +1.4% over the next year.

[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] Top Employers

  1. 1
    State of Minnesota Government
    25,000+
  2. 2
    Fairview Health Services Healthcare
  3. 3
    University of Minnesota Education
  4. 4
    HealthPartners Healthcare
  5. 5
    U.S. Federal Government Government
    10,000+
  6. 6
    UnitedHealth Group Inc. Healthcare
  7. 7
    3M Co. Manufacturing
    5,000+
  8. 8
    Hennepin County Government
  9. 9
    Ramsey County Government
    2,500+
  10. 10
    Ecolab Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
44.7%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.7
per 100K · nat avg 6.3
Firearm Fatalities
10.9
per 100K · nat avg 14.8
Injury Deaths
90.4
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
41.3
Good
Good Air Days
65%
707 of 1,095 days
Unhealthy+ Days (3yr)
13
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
39
2022
36
2023
49
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 66/100, Ramsey County sits in the upper half of all 996 ranked counties. and median household income stands at $78,108 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MN.

Is Ramsey County affordable?

Housing in Ramsey County is roughly in line with national affordability norms. The median home costs $289,300 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,214/month. Not a bargain, but not a stretch for most local earners either.

Is Ramsey County growing or shrinking?

Population and employment in Ramsey County are both close to flat — population -0.4% YoY and jobs +0.2%. Home values shifted +1.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Ramsey County?

In significant numbers — 5.19% of Ramsey County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Chisago County, MN 70 Clay County, MN 71 Olmsted County, MN 60 Hennepin County, MN 59 Stearns County, MN 59 Wright County, MN 58 Lancaster County, NE 66 Camden County, NJ 65