Español

Este sitio también está en español. Leer en español

City · 20,010 residents · Wright County, Minnesota

St. Michael , Minnesota

In St. Michael, a typical home is worth $390,100 and typical rent is $1,483 a month. Compared with all of Wright County, typical household income is 22% higher, typical rent is 15% higher, and the share of households that own their home is 6 points higher.

WhatsApp

  • Typical home value

    $390,100

    9% above the county

    18% above Minnesota

    • St. Michael
    • Wright
    • Minnesota

  • Typical rent

    $1,483a month

    15% above the county

    16% above Minnesota

    • St. Michael
    • Wright
    • Minnesota

  • Typical household income

    $131,274a year

    22% above the county

    47% above Minnesota

    • St. Michael
    • Wright
    • Minnesota

  • Households that own their home

    90%

    6 points above the county

    18 points above Minnesota

    • St. Michael
    • Wright
    • Minnesota

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

Market now, with Zillow data

Zillow data
Typical home value
$441,809
about the same as 12 months ago
Typical rent
$1,915 a month
5.5% more than 12 months ago

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

St. Michael is in Wright 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 Wright County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets St. Michael apart

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

  1. St. Michael has the smallest share of rent-burdened renters of the 139 cities in Minnesota with more than 5,000 people: 29%.

  2. The typical household income in St. Michael is $131,274, 22% more than in Wright County as a whole ($107,209).

  3. Nearby, in Monticello, the typical home value is $323,700: 17% less than in St. Michael ($390,100).

  4. The typical rent in St. Michael is $1,483 a month, 15% more than in Wright County as a whole ($1,288).

  5. 90% of households in St. Michael own their home, against 84% in Wright County.

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

The homes here

Housing in St. Michael

What homes there are in St. Michael, 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. Michael, 8 in 10 homes are single-family detached houses; in Wright County, 8.

Year built

The typical year built in St. Michael is 1998, about the same as in Wright County (1995).

Homes in St. Michael are bigger: 82% have 3 bedrooms or more; in Wright County, 74%.

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

With a mortgage

$2,233 a month

Wright County: $2,098 a month

Without a mortgage

$846 a month

Wright County: $706 a month

Owners with a mortgage

74%

Wright County: 71%

Owning costs more in St. Michael: with a mortgage, the typical cost is $2,233 a month; in Wright County, $2,098. Without one, $846.

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, the typical home value in St. Michael rose 44%; in Wright County, it rose 51%.

Since 2015–2019, the typical rent in St. Michael did not change clearly, according to the Census.

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. MichaelWright CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimate0.5%0.6%0.9%
More than one person per room Unreliable estimate1.5%2.3%3.4%
People per household 2.782.722.432.53
Drive alone 73%75%69%69%
Carpool 8%8%8%9%
Public transit Unreliable estimate0%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 19%15%18%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

A household in St. Michael has 2.78 people on average, about the same as in Wright County (2.72).

Many people here do not commute at all: 19% work from home; in Wright County, 15%.

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. Michael?

A typical home is tight for the typical income

We start with a typical home in St. Michael, worth $390,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in St. Michael, which is $131,274 a year. For that payment to be 28% of income, a household would need to earn about $140,613 a year.

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

Your numbers

Local data
$

Starts at the typical home value in St. Michael. 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 $13,654 (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

$3,281

at 7.18% · 30 years

Loan amount
$383,034
Total interest
$551,096
Paid off in
November 2056

Includes $6,588 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,063 a month

  • Tight

    $3,063 to $3,938 a month

    Your payment · 30%

  • Hard

    more than $3,938 a month

Compared with the typical household income in St. Michael ($131,274 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,281
Principal & interest$2,595
Property tax$351
Home insurance$163
FHA mortgage insurance (MIP)$173

You need at least $13,654 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. Michael and Wright County

St. Michael is in Wright 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. Michael's own numbers

Typical home value
$390,100
Typical monthly rent
$1,483
Typical yearly household income
$131,274
Households that own their home
90%
Effective property tax rate
1.08%

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

Numbers for all of Wright 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)
+38%

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 Wright County.

Everything about Wright County

Buying

Buying a home in St. Michael

A typical home in St. Michael is worth $390,100: 9% above the county and 18% above Minnesota. With the typical household income in St. Michael ($131,274 a year), a typical home costs 3.0 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. Michael 3.0 years
  • Wright 3.3 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Wright County

According to FHFA’s house price index, home prices in Wright County rose 77% in the 10 years through 2025.

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

Period County Minnesota U.S.
Last year (2025) +1.8% +2.8% +2.9%
5 years (2020–2025) +38% +37% +47%
10 years (2015–2025) +77% +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. Michael next to Wright 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. Michael $390,100
  • Wright $358,900
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • St. Michael $1,483
  • Wright $1,288
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • St. Michael $131,274
  • Wright $107,209
  • Minnesota $89,062
  • United States $80,734
See the full table
St. Michael next to Wright County and Minnesota
Measure St. Michael Wright County Minnesota U.S.
Typical home value $390,100 $358,900 $329,300 $332,700
Typical monthly rent $1,483 $1,288 $1,280 $1,413
Typical yearly household income $131,274 $107,209 $89,062 $80,734
Households that own their home 90% 84% 72% 65%
Typical yearly property tax $4,205 $3,523 $3,357 $3,119
Effective property tax rate 1.08% 0.98% 1.02% 0.94%
Renters with high rent for their income 29% 41% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wright 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. Michael

For a typical $390,100 home in St. Michael, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, St. Michael's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,281a month

    Least cash to close
    Down payment
    $13,654
    Cash to close
    $25,357
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $173

  • Conventional, 5% down $3,209a month

    Down payment
    $19,505
    Cash to close
    $31,208
    Rate
    7.18%
    Mortgage insurance
    PMI · $185

  • Conventional, 20% down, no PMI $2,628a month

    Down payment
    $78,020
    Cash to close
    $89,723
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,988a month

    Down payment
    $58,515
    Cash to close
    $70,218
    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. Michael and for Wright County.

Property tax

Effective rate in St. Michael

1.08%of the home’s value each year

$4,205 a year for the typical owner in St. Michael.

  • St. Michael 1.08%
  • Wright 0.98%
  • 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 Wright County

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

FEMA’s maps count no homes in the high-risk zone in Wright County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in St. Michael

Typical rent in St. Michael is $1,483 a month: 15% above the county. In St. Michael, 29% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Wright 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 Wright 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. Michael

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

For 2 bedrooms it runs from $1,540 in 55313 to $1,620 in 55376.

None is above the fair market rent for Wright County ($1,734).

  • 55313 $1,540$2,040
  • 55376 $1,620$2,120

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. Michael 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?

Free help

Help to buy or rent in St. Michael

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.

We found no HUD-approved agencies with an office in Wright County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in St. Michael

No down payment, repair or rent-help program on our list is for St. Michael or Wright County. The ones below are statewide in Minnesota: they work in St. Michael 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. Michael

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

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 17 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (952) 697-1303

  • Capi USA

    5930 Brooklyn Blvd, Brooklyn Center · 20 miles away · Spanish

    Also serves in Hmong.

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (612) 721-0122

  • NSC (naca Counseling Subsidiary) - Minneapolis, MN

    6300 Shingle Creek Pkwy Ste 145, Brooklyn Center · 21 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (763) 656-6222

All counseling agencies in Minnesota

Help in Spanish near St. Michael

2 of the 3 agencies on this list say they serve 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. Michael

In HUD’s record, no housing authority with an office in Wright County is named for St. Michael or Wright County.

One other authority has an office in Wright County: see the list Source: HUD

Cities

Other cities in Wright County

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

Everything about Wright County Housing in Minnesota

Nearby cities

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

Neighboring counties

If Wright 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. Michael.

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

Questions

Housing questions about St. Michael

Short answers with the numbers for St. Michael and all of Wright 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. Michael?

The typical home value in St. Michael is $390,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wright County it is $358,900.

How much does it cost to rent in St. Michael?

Typical rent in St. Michael is $1,483 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wright County is $1,734.

What is the FHA loan limit in St. Michael?

St. Michael uses the FHA limit for all of Wright 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. Michael?

The typical homeowner in St. Michael pays $4,205 a year, according to the U.S. Census Bureau. That is 1.08% of the home’s value; in Wright County, the rate is 0.98%.

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

We found no HUD-approved counseling agencies with an office in Wright County; the nearest ones are on this page. 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).