JeffCroweCRE

Housing market/Minnesota/ZIP 55105

ACS 2023 · FY2027 SAFMR

ZIP 55105 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
27,470
Households
11,423
Median HH income
$108,200
Renter share
32.7%
Median gross rent
$1,240
Vacancy
5.2%
Pop. change
+2.8%
2BR SAFMR
$1,660
SAFMR / rent
1.339×
2–49 unit stock
3,882
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 55105 · MN — sent to you.

ZIP 55105 · MN

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 55105 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,240
2BR SAFMR$1,660
90% floor$1,494
110% ceiling$1,826

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

Housing stock

ACS 2023 units-in-structure · ZCTA 55105

  • 1-unit detached7,32060.8%
  • 1-unit attached2932.4%
  • 2–4 units1,0989.1%
  • 5–49 units2,78423.1%
  • 50+ units5094.2%
  • Mobile410.3%
TypeUnitsShare
1-unit detached7,32060.8%
1-unit attached2932.4%
2 units (duplex)7436.2%
3–4 units3552.9%
5–9 units7155.9%
10–19 units1,25010.4%
20–49 units8196.8%
50+ units5094.2%
Mobile410.3%

2–4 unit share 9.1% · 5–49 unit share 23.1% · combined 2–49 32.2%.

Units by bedrooms

Studio
373
1BR
2,381
2BR
2,537
3BR
3,455
4BR
2,375
5+
924

Rent burden

Rent ≥30% of income39.3%
Rent ≥50% of income18.9%
  • ACS median gross rent $1,240 (all bedrooms, occupied rentals).
  • Median contract rent $1,194.
  • Renters paying ≥30% of income 39.3%; ≥50% 18.9%.
  • FY2027 2BR SAFMR $1,660 (1.339× ACS median gross rent).

Population

27,470 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.8%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • 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 55105 32.7% of occupied households are renters; vacancy is 5.2%; ACS median gross rent is $1,240; population increased +2.8% between the 2018 and 2023 ACS vintages; the housing stock includes 1,098 units in 2–4-unit structures and 2,784 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,660 versus ACS median gross rent of $1,240. 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 55105 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 55105 — 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 55105?

ZIP 55105 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 27,470 residents, 11,423 households, a renter share of 32.7%, median household income of $108,200, and ACS 2023 median gross rent of $1,240. Vacancy is 5.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55105?

ACS counts 743 units in 2-unit buildings, 355 in 3–4 unit buildings, 715 in 5–9, 1,250 in 10–19, and 819 in 20–49. Combined 2–49 unit stock is 3,882 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55105?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,660. See the full schedule and 90–110% payment-standard band on the ZIP 55105 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55105 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.