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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



St. Peter, MN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

St. Peter, MN Housing Market Trends

With 12,156 people, 3,919 houses or apartments, and a median cost of homes of $296,745, St. Peter 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. Peter, accounting for 56.54% of the city's housing units. Other types of housing that are prevalent in St. Peter include large apartment complexes or high rise apartments ( 23.85%), duplexes, homes converted to apartments or other small apartment buildings ( 8.20%), and a few row houses and other attached homes ( 6.51%).

The most prevalent building size and type in St. Peter are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.06% owning and 53.94% renting.

There is a lot of housing in St. Peter 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. Peter built between 2000 and later ( 25.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.45%). There's also some housing in St. Peter built before 1939 ( 15.55%).

St. Peter Home Appreciation Rates

St. Peter's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Peter during the period has been just 5.05%, which is lower than 80% of US communities.

Over the last year, St. Peter appreciation rates have trailed the rest of the nation. In the last twelve months, St. Peter's appreciation rate has been 3.14%, 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. Peter were at -0.95%, which equates to an annual appreciation rate of -3.75%.

Notably, St. Peter's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Minnesota, our data show that St. Peter's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$296,745

St. Peter, MN Home Prices
> $1,298,000
$974,001 - $1,298,000
$649,001 - $974,000
$519,001 - $649,000
$389,001 - $519,000
$259,001 - $389,000
$130,001 - $259,000
$65,001 - $130,000
$0 - $65,000
0.1%
0.1%
0.2%
0.2%
4.1%
4.1%
6.9%
6.9%
18.5%
18.5%
31.2%
31.2%
29.4%
29.4%
2.3%
2.3%
7.2%
7.2%
0% 100.0%
% of Homes
Average

for Minnesota

Average

for nation

Number of Homes And Apartments:

3,919

St. Peter Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,517 / per month

Homeownership Rate

Owners
Renters
46.1%
46.1%
53.9%
53.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.0%
4.0%
96.0%
96.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.1%
25.1%
36.9%
36.9%
22.5%
22.5%
15.5%
15.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.5%
56.5%
6.5%
6.5%
8.2%
8.2%
23.8%
23.8%
4.9%
4.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
10.4%
10.4%
30.9%
30.9%
29.1%
29.1%
19.9%
19.9%
7.1%
7.1%
0% 100.0%
% of Homes