The typical owner-occupied home in Saint Paul is worth about $176,100, 54% below the Virginia median of $383,700 and 47% below the national median of $332,700. Owners pay a median $864 a year in property taxes, about 0.49% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $33,000 a year, so the median home costs 5.3 times the median income (4.1 times for Virginia). 67% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Saint Paul at a glance
| Saint Paul | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $176,100 | $383,700 | $332,700 |
| Median property tax paid per year | $864 | $2,790 | $3,119 |
| Property tax as a share of value | 0.49% | 0.73% | 0.94% |
| Median household income | $33,000 | $93,170 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 44% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,173 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 20.1% | 21.0% |
| Median rent | $460 | $1,579 | $1,413 |
| Rent as a share of renters' income | 31.3% | 29.4% | 30.6% |
| Median year homes were built | 1968 | 1984 | 1980 |
| Vacant homes | 8.9% | 8.7% | 10.1% |
| Population | 963 | 8,705,170 | 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 $176,100 with 20% down costs about $1,093 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,386, 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 $46,842 for the 20%-down payment. That payment is 40% of the median Saint Paul household income of $33,000; at that income and 20% down, the 28% guideline points to a home of about $124,000.
The median rent here is $460 a month, so owning the median home costs about $633 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,220 |
|---|---|
| Loan amount | $140,880 |
| Principal and interest | $948 |
| Property taxes (0.49% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,093 |
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| Down payment | $6,164 |
|---|---|
| Loan amount | $172,910 |
| Principal and interest | $1,163 |
| Property taxes (0.49% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $78 |
| Total per month | $1,386 |
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Questions about home buying in Saint Paul
What is the median home value in Saint Paul?
About $176,100 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 $864 a year, which is about 0.49% 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 $1,093 a month. Keeping that under 28% of gross income takes about $46,842 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