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St. Louis County, MN

RANK #349 / 1001 NAT  ·  #4 / 18 MN  ·  POP 200,123

1YR FORECAST: +2.6%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for St. Louis County at +2.6% over the next year.

[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 +8.0% 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
+8.0%

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
+8.01% 12mo
Median Rent
$1,013
Average Annual Pay
$62,631
+3.6% YoY
Employment
95,051
-0.5% 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 6.3
Firearm Fatalities
15.0
per 100K · nat avg 14.8
Injury Deaths
100.4
per 100K · nat avg 76.3
vs National Average
Well below 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] 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 +8.0% 98 percentile
Rent Growth +3.7% 65 percentile
Price/Rent 13x 81 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 65/100, St. Louis County sits in the upper half of all 1001 ranked counties. and median household income stands at $70,069 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MN.

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 -0.5%. Home values shifted +8.0% 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 +8.0% 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

Chisago County, MN 63 Blue Earth County, MN 72 Rice County, MN 57 Sherburne County, MN 54 Otter Tail County, MN 78 Anoka County, MN 48 Pitt County, NC 65 Charles County, MD 65