The typical owner-occupied home in Saint Paul is worth about $112,200, 49% below the Indiana median of $218,200 and 66% below the national median of $332,700. Owners pay a median $658 a year in property taxes, about 0.59% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $60,938 a year, so the median home costs 1.8 times the median income (3.0 times for Indiana). 74% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Saint Paul at a glance
| Saint Paul | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $112,200 | $218,200 | $332,700 |
| Median property tax paid per year | $658 | $1,614 | $3,119 |
| Property tax as a share of value | 0.59% | 0.74% | 0.94% |
| Median household income | $60,938 | $71,957 | $80,734 |
| Homes lived in by their owners | 74% | 71% | 65% |
| Owner homes with a mortgage | 64% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $939 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 18.1% | 21.0% |
| Median rent | $938 | $1,062 | $1,413 |
| Rent as a share of renters' income | 19.4% | 29.1% | 30.6% |
| Median year homes were built | 1969 | 1976 | 1980 |
| Vacant homes | 6.4% | 8.8% | 10.1% |
| Population | 887 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Saint Paul
At this week's average 30-year rate of 7.11%, buying the median Saint Paul home of $112,200 with 20% down costs about $706 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $893, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,246 for the 20%-down payment. That payment is 14% of the median Saint Paul household income of $60,938; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $938 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,440 |
|---|---|
| Loan amount | $89,760 |
| Principal and interest | $604 |
| Property taxes (0.59% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $706 |
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| Down payment | $3,927 |
|---|---|
| Loan amount | $110,168 |
| Principal and interest | $741 |
| Property taxes (0.59% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $893 |
Change the numbers in the calculator
Questions about home buying in Saint Paul
What is the median home value in Saint Paul?
About $112,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Paul?
Homeowners pay a median $658 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Saint Paul?
For the median home with 20% down at 7.11%, the payment is about $706 a month. Keeping that under 28% of gross income takes about $30,246 a year.
More about Saint Paul
- Mortgage Refinance in Saint Paul
- Debt Relief in Saint Paul
- Home Equity Loans in Saint Paul
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data