Market Overview
Home Prices in Saint Louis Park, MN
The median home value in Saint Louis Park, MN is $386,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Saint Louis Park are priced6% below average. Saint Louis Park is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Saint Louis Park home values have risen by approximately8.3%, reflecting steady appreciation in this market.
Price History
Saint Louis Park Home Price Trend
City Comparison
Saint Louis Park vs. National Median
At $386,980, homes in Saint Louis Park cost 6% below the national median of $410,000. This makes Saint Louis Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Saint Louis Park?
20% Down Payment
$77,396
on $386,980
Monthly P&I
$2,018/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,563/mo
incl. taxes & insurance
Income Needed
$102,520
gross annual (30% rule)
10% Down Option
$38,698
+ PMI applies
Loan Amount (20% dn)
$309,584
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Saint Louis Park, MN?
The median home value in Saint Louis Park is $386,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Saint Louis Park?
Over the past year, home values in Saint Louis Park have increased by 0.9%. Over five years, prices have risen approximately 8.3%.
How much do I need to earn to buy a home in Saint Louis Park?
To comfortably afford the median home price of $386,980 with a 20% down payment ($77,396) at today's rates (6.8%), you'd need a gross annual income of approximately $102,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Saint Louis Park compare to the national average home price?
The national median home value is approximately $410,000. At $386,980, homes in Saint Louis Park are 6% below the national average.
What metro area is Saint Louis Park part of?
Saint Louis Park is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.