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Housing market/Minnesota/ZIP 55104

ACS 2023 · FY2027 SAFMR

ZIP 55104 Saint Paul, Minnesota

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
45,777
Households
18,588
Median HH income
$75,038
Renter share
46.1%
Median gross rent
$1,159
Vacancy
8.7%
Pop. change
+0.5%
2BR SAFMR
$1,590
SAFMR / rent
1.372×
2–49 unit stock
7,736
LIHTC proj / units
25 / 2,064
HUD assisted MF
12 / 1,379

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 55104 · MN — sent to you.

ZIP 55104 · MN

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ACS rent vs 2BR SAFMR

ZIP 55104 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,159
2BR SAFMR$1,590
90% floor$1,431
110% ceiling$1,749

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55104

  • 1-unit detached10,60352.1%
  • 1-unit attached5562.7%
  • 2–4 units3,49717.2%
  • 5–49 units4,23920.8%
  • 50+ units1,4397.1%
  • Mobile210.1%
TypeUnitsShare
1-unit detached10,60352.1%
1-unit attached5562.7%
2 units (duplex)1,6998.3%
3–4 units1,7988.8%
5–9 units1,3176.5%
10–19 units1,7478.6%
20–49 units1,1755.8%
50+ units1,4397.1%
Mobile210.1%

2–4 unit share 17.2% · 5–49 unit share 20.8% · combined 2–49 38.0%.

Units by bedrooms

Studio
1,195
1BR
4,404
2BR
5,037
3BR
5,310
4BR
3,502
5+
910

Rent burden

Rent ≥30% of income47.9%
Rent ≥50% of income24.8%
  • ACS median gross rent $1,159 (all bedrooms, occupied rentals).
  • Median contract rent $1,061.
  • Renters paying ≥30% of income 47.9%; ≥50% 24.8%.
  • FY2027 2BR SAFMR $1,590 (1.372× ACS median gross rent).

Population

45,777 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 25 projects, 2,064 units.
  • HUD project-based assisted MF: 12 properties, 1,379 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 382 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 55104 46.1% of occupied households are renters; vacancy is 8.7%; ACS median gross rent is $1,159; population increased +0.5% between the 2018 and 2023 ACS vintages; the housing stock includes 3,497 units in 2–4-unit structures and 4,239 units in 5–49-unit structures; 25 LIHTC projects totaling 2,064 units; FY2027 2BR SAFMR is $1,590 versus ACS median gross rent of $1,159. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Minnesota research

ZIP 55104 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55104 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54002Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area22.0%$1,200$1,54054003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 55104?

ZIP 55104 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 45,777 residents, 18,588 households, a renter share of 46.1%, median household income of $75,038, and ACS 2023 median gross rent of $1,159. Vacancy is 8.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55104?

ACS counts 1,699 units in 2-unit buildings, 1,798 in 3–4 unit buildings, 1,317 in 5–9, 1,747 in 10–19, and 1,175 in 20–49. Combined 2–49 unit stock is 7,736 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55104?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,590. See the full schedule and 90–110% payment-standard band on the ZIP 55104 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55104 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.