Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,103, 2,176 total housing units (homes and apartments), and a median house value of $263,981, St. Joseph real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in St. Joseph, accounting for 64.27% of the city's housing units. Other types of housing that are prevalent in St. Joseph include large apartment complexes or high rise apartments ( 19.97%), row houses and other attached homes ( 13.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.68%).
The most prevalent building size and type in St. Joseph are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.04% owning and 46.96% renting.
There is a lot of housing in St. Joseph built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in St. Joseph built between 2000 and later ( 33.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.39%). There's also some housing in St. Joseph built before 1939 ( 6.06%).
Real estate appreciation rates in St. Joseph's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.31% during the period.
Over the last year, St. Joseph appreciation rates have trailed the rest of the nation. In the last twelve months, St. Joseph's appreciation rate has been 2.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Joseph were at 0.49%, which equates to an annual appreciation rate of 1.99%.
Notably, St. Joseph's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that St. Joseph's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.
$263,981
for Minnesota
for nation
2,176
$1,935 / per month