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 $268,113, 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%).
Appreciation rates for homes in St. Joseph have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.50%, which ranks in the top 50% nationwide. This equates to an annual average St. Joseph house appreciation rate of 6.82%.
Appreciation rates are so strong in St. Joseph that despite a nationwide downturn in the housing market, St. Joseph real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Joseph appreciation rates continue to be some of the highest in America, at 12.55%, which is higher than appreciation rates in 76.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Joseph. St. Joseph appreciation rates in the latest quarter were at 3.70%, which equates to an annual appreciation rate of 15.64%.
Relative to Minnesota, our data show that St. Joseph's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.
$268,113
for Minnesota
for nation
2,176
$1,901 / per month