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City · 49,594 residents · Hennepin County, Minnesota

St. Louis Park , Minnesota

In St. Louis Park, a typical home is worth $386,800 and typical rent is $1,644 a month. Compared with all of Hennepin County, typical rent is 11% higher.

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  • Typical home value

    $386,800

    About the same as the county

    17% above Minnesota

    • St. Louis Park
    • Hennepin
    • Minnesota

  • Typical rent

    $1,644a month

    11% above the county

    28% above Minnesota

    • St. Louis Park
    • Hennepin
    • Minnesota

  • Typical household income

    $101,648a year

    4% above the county

    14% above Minnesota

    • St. Louis Park
    • Hennepin
    • Minnesota

  • Households that own their home

    58%

    5 points below the county

    14 points below Minnesota

    • St. Louis Park
    • Hennepin
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$376,932
0.9% more than 12 months ago
Typical rent
$1,851 a month
3.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

St. Louis Park is in Hennepin County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Hennepin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets St. Louis Park apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Minneapolis, the typical rent is $1,371: 17% less than in St. Louis Park ($1,644).

  2. St. Louis Park has the 13th smallest share of rent-burdened renters of the 139 cities in Minnesota with more than 5,000 people (40%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in St. Louis Park

What homes there are in St. Louis Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In St. Louis Park there is a bit of everything: no kind of home reaches half. The most common are detached houses (47%); in Hennepin County, 52%.

Year built

The typical home in St. Louis Park was built in 1965, 8 years before the typical one in Hennepin County.

Homes in St. Louis Park are smaller: 45% have 3 bedrooms or more; in Hennepin County, 52%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,734), about 56% of rented homes in St. Louis Park cost less.

With a mortgage

$2,242 a month

Hennepin County: $2,255 a month

Without a mortgage

$824 a month

Hennepin County: $853 a month

Owners with a mortgage

72%

Hennepin County: 69%

The typical cost for an owner with a mortgage in St. Louis Park is $2,242 a month, near the figure in Hennepin County ($2,255).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in St. Louis Park rose at about the same pace as in Hennepin County: 42% against 42%.

Rents in St. Louis Park rose at about the same pace as in Hennepin County: 33% since 2015–2019, against 31%.

Here income did not keep up with housing: it rose 26%, while home values changed +42% and rent +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSt. Louis ParkHennepin CountyMinnesotaUnited States
Rental vacancy 6.1%5.9%5.3%5.5%
Homeowner vacancy Unreliable estimate0.6%0.6%0.9%
More than one person per room 1.6%2.7%2.3%3.4%
People per household 1.992.302.432.53
Drive alone 61%60%69%69%
Carpool 5%6%8%9%
Public transit 2%4%2%3%
Walk or bike 3%4%3%3%
Work from home 28%25%18%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Open rentals in St. Louis Park look like those in Hennepin County: the rental vacancy rate is 6.1%.

In St. Louis Park, 1.6% of households live with more than one person per room, against 2.7% in Hennepin County.

On average, a household in St. Louis Park has 1.99 people, fewer than in Hennepin County (2.30).

To get to work, 61% of workers in St. Louis Park drive alone; in Hennepin County, 60%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in St. Louis Park?

A typical home costs more than the typical income allows

We start with a typical home in St. Louis Park, worth $386,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in St. Louis Park, which is $101,648 a year. For that payment to be 28% of income, a household would need to earn about $140,115 a year.

The calculator's FHA and conventional loan limits are those of all of Hennepin County.

Your numbers

Local data
$

Starts at the typical home value in St. Louis Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,538 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,269

at 7.18% · 30 years

Loan amount
$379,794
Total interest
$546,435
Paid off in
November 2056

Includes $6,532 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,372 a month

  • Tight

    $2,372 to $3,049 a month

  • Hard

    more than $3,049 a month

    Your payment · 39%

Compared with the typical household income in St. Louis Park ($101,648 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,269
Principal & interest$2,573
Property tax$364
Home insurance$161
FHA mortgage insurance (MIP)$171

You need at least $13,538 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

St. Louis Park and Hennepin County

St. Louis Park is in Hennepin County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

St. Louis Park's own numbers

Typical home value
$386,800
Typical monthly rent
$1,644
Typical yearly household income
$101,648
Households that own their home
58%
Effective property tax rate
1.13%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hennepin County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+30%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hennepin County.

Everything about Hennepin County

Buying

Buying a home in St. Louis Park

A typical home in St. Louis Park is worth $386,800: about the same as the county and 17% above Minnesota. With the typical household income in St. Louis Park ($101,648 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • St. Louis Park 3.8 years
  • Hennepin 4.0 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hennepin County

According to FHFA’s house price index, home prices in Hennepin County rose 65% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hennepin County.

Period County Minnesota U.S.
Last year (2025) +3.0% +2.8% +2.9%
5 years (2020–2025) +30% +37% +47%
10 years (2015–2025) +65% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

St. Louis Park next to Hennepin County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • St. Louis Park $386,800
  • Hennepin $392,900
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • St. Louis Park $1,644
  • Hennepin $1,487
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • St. Louis Park $101,648
  • Hennepin $97,653
  • Minnesota $89,062
  • United States $80,734
See the full table
St. Louis Park next to Hennepin County and Minnesota
Measure St. Louis Park Hennepin County Minnesota U.S.
Typical home value $386,800 $392,900 $329,300 $332,700
Typical monthly rent $1,644 $1,487 $1,280 $1,413
Typical yearly household income $101,648 $97,653 $89,062 $80,734
Households that own their home 58% 63% 72% 65%
Typical yearly property tax $4,380 $4,480 $3,357 $3,119
Effective property tax rate 1.13% 1.14% 1.02% 0.94%
Renters with high rent for their income 40% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hennepin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in St. Louis Park

For a typical $386,800 home in St. Louis Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, St. Louis Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,269a month

    Least cash to close
    Down payment
    $13,538
    Cash to close
    $25,142
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $171

  • Conventional, 5% down $3,198a month

    Down payment
    $19,340
    Cash to close
    $30,944
    Rate
    7.18%
    Mortgage insurance
    PMI · $184

  • Conventional, 20% down, no PMI $2,622a month

    Down payment
    $77,360
    Cash to close
    $88,964
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,979a month

    Down payment
    $58,020
    Cash to close
    $69,624
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for St. Louis Park and for Hennepin County.

Property tax

Effective rate in St. Louis Park

1.13%of the home’s value each year

$4,380 a year for the typical owner in St. Louis Park.

  • St. Louis Park 1.13%
  • Hennepin 1.14%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Hennepin County

FEMA does not publish these numbers by city: they are for all of Hennepin County.

Homes in the high-risk zone
0.5%
1,992
Of those, with NFIP insurance
15%
County Minnesota U.S.
Homes in the high-risk zone 0.5% 0.7% 3.5%
Of those, with NFIP insurance 15% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in St. Louis Park

Typical rent in St. Louis Park is $1,644 a month: 11% above the county. In St. Louis Park, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hennepin County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Hennepin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in St. Louis Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). St. Louis Park has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,830 in 55426 to $2,280 in 55416.

2 of the 2 are above the fair market rent for Hennepin County ($1,734).

  • 55416 $2,280$2,980
  • 55426 $1,830$2,390

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for St. Louis Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in St. Louis Park

HUD lists one building with rents for lower incomes in St. Louis Park.

  • Louisiana Court 2400 Nevada Ave S, St Louis Park 55426 276 homes, 159 low-income · Run by Housing Authority of ST Louis Park, Minnesota · Average payment: $655 a month · Average wait: 35 months (952) 924-2579

See all 329 buildings in Hennepin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in St. Louis Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Hennepin County; 3 say they serve in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in St. Louis Park

No down payment, repair or rent-help program on our list is for St. Louis Park or Hennepin County. The ones below are statewide in Minnesota: they work in St. Louis Park the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near St. Louis Park

The HUD-approved agencies closest to the center of St. Louis Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Build Wealth Minnesota, Inc

    2121 Plymouth Ave N, Minneapolis · 4 miles away · Spanish

    Also serves in Cambodian and French.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (612) 877-4182

  • Lutheran Social Service of Minnesota

    2400 Park Avenue, Minneapolis · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Project for Pride in Living

    1035 E Franklin Ave, Minneapolis · 5 miles away

    • Budget and financial counseling
    • Workshops for new owners
    • and 3 more
    (612) 455-5100

Every agency in Hennepin County All counseling agencies in Minnesota

Help in Spanish near St. Louis Park

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of St. Louis Park

HUD’s record names them for St. Louis Park or Hennepin County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of ST Louis Park, Minnesota Public housing and Section 8 vouchers (952) 924-2579

6 other authorities have an office in Hennepin County: see the list Source: HUD

Cities

Other cities in Hennepin County

These cities are also in Hennepin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hennepin County Housing in Minnesota
See 13 more cities in Hennepin County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to St. Louis Park, with the typical home value.

Neighboring counties

If Hennepin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in St. Louis Park.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about St. Louis Park

Short answers with the numbers for St. Louis Park and all of Hennepin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in St. Louis Park?

The typical home value in St. Louis Park is $386,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hennepin County it is $392,900.

How much does it cost to rent in St. Louis Park?

Typical rent in St. Louis Park is $1,644 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hennepin County is $1,734.

What is the FHA loan limit in St. Louis Park?

St. Louis Park uses the FHA limit for all of Hennepin County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in St. Louis Park?

The typical homeowner in St. Louis Park pays $4,380 a year, according to the U.S. Census Bureau. That is 1.13% of the home’s value; in Hennepin County, the rate is 1.14%.

Where can I find free help to buy or rent in St. Louis Park?

There are 8 HUD-approved counseling agencies with an office in Hennepin County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).