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St. Louis County, MN

RANK #638 / 1001 NAT  ·  #12 / 18 MN  ·  POP 200,123

1YR FORECAST: +2.1%

5YR OUTLOOK: +16%

St. Louis County's housing market is projected to grow +2.1% over the next year, below the national average.

[01] Why St. Louis County?

Encompassing over 6,000 square miles of land, St. Louis County, Minnesota, stands as the largest county east of the Mississippi River, larger than three states combined. Its county seat, Duluth, sits on Lake Superior, serving as a major freshwater port. The county is characterized by vast natural landscapes, including parts of Voyageurs National Park, Superior National Forest, and the Boundary Waters Canoe Area Wilderness, offering extensive opportunities for outdoor recreation like hiking, fishing, and canoeing. Commute times vary across this expansive area, with public transit options like Arrowhead Transit and Duluth Transit Authority serving various communities.

Life in St. Louis County often revolves around its natural resources and the communities that have grown around them. Residents report a good quality of life, with high satisfaction in recreational opportunities and road maintenance. The economy is diverse, with historical roots in mining and timber. Key sectors now include healthcare, higher education, and tourism, alongside continued activity in wood and paper products, and shipping. The county also supports initiatives in broadband expansion and renewable energy, reflecting an evolving economic landscape.

MARKET PROFILE

Heartland Steady Growth

St. Louis County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +6.5% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
7.4x

Overvalued relative to economy

Home Prices
+6.5%

Outpacing national median

Climate & Terrain
-0.7

Below-average climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 7.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Essentia Health Healthcare
    10,000+
  2. 2
    St. Louis County, MN Government
    2,500+
  3. 3
    SMDC Health System Healthcare
  4. 4
    Cirrus Aircraft Manufacturing
  5. 5
    Duluth Missabe & Iron Range Railway Company Logistics
  6. 6
    ALLETE Energy
  7. 7
    The College of St. Scholastica Education

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

[04] Home Value Growth vs National

St. Louis County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
200,123
+0.03% YoY
Median Household Income
$70,069
Median Home Value
$221,400
+6.52% 12mo
Median Rent
$1,013
Average Annual Pay
$62,615
+3.6% YoY
Employment
95,078
-0.4% YoY
Income-to-Home-Value
0.3165
More affordable than average
Migration Inflow
3.94%
of pop. from another state
Bachelor's Degree+
33.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2025)
412
Single-Family Permits
237

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.4
per 100K · nat avg 6.5
Firearm Fatalities
15.0
per 100K · nat avg 13.4
Injury Deaths
100.4
per 100K · nat avg 83.6
vs National Average
Well below national avg
based on homicide rate
10-Year Trend
Up 41% since 2015
homicide rate, 2015 → 2025

Source: Homicide rates from CDC/NCHS vital-statistics mortality data — a multi-year average that stabilizes counts in smaller counties — compiled in the County Health Rankings 2025 release. Rates per 100,000 population; U.S. average ≈ 6.5. Grade reflects homicide rate relative to the national average. Learn more →

See where St. Louis County stands nationally: safest large counties in America · highest homicide-rate counties.

[06] Capital Investment

$3,334M
TOTAL
PROJECT AMOUNT STATUS
Boeing F-47 Expansion
The Boeing Company
$1,800M Under Construction
New Clean Energy Infrastructure (supporting Google Data Center)
Google, Minnesota Power
$700M Proposed
Google Data Center Campus (Project Loon)
Google
$650M Proposed
UMSL North St. Louis County Business and Workforce District
University of Missouri – St. Louis (UMSL), St. Louis County
$90M Under Construction
Laskin Energy Center Natural Gas Pipeline Project
Minnesota Power
$50M Planned
Wellington Family Homes Redevelopment
St. Louis County, Knight Development, BGC Advantage
$44M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth +0.0% 24 percentile
Income Growth +0.9% 14 percentile
Vacancy Rate 0.8% 62 percentile
Home Price Change +6.5% 96 percentile
Rent Growth +3.0% 48 percentile
Price/Rent 13x 71 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

Is St. Louis County, MN a good place to move to?

At 36/100, St. Louis County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $70,069 combined with job growth of -0.4% suggests the local economy is struggling to keep pace with national trends.

Is St. Louis County affordable?

Housing in St. Louis County is roughly in line with national affordability norms. The median home costs $221,400 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,013/month. Not a bargain, but not a stretch for most local earners either.

Is St. Louis County growing or shrinking?

Population and employment in St. Louis County are both close to flat — population +0.0% YoY and jobs -0.4%. Home values shifted +6.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to St. Louis County?

There's a moderate stream of newcomers. About 3.94% of residents moved from another state, which is above average and suggests St. Louis County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in St. Louis County?

Home values climbed +6.5% year-over-year, which is a solid pace of appreciation. The median home in St. Louis County is now valued at $221,400. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Clay County, MN 34 Blue Earth County, MN 41 Dakota County, MN 31 Hennepin County, MN 42 Ramsey County, MN 30 Scott County, MN 27 York County, ME 36 Maui County, HI 36