The average apartment housing rent as of December 2014, within a span of 10 miles of Saint Paul is $1123. $873 per month on average is what one bedroom multifamily units rent for in Saint Paul and $1,193 per month on average is what two bedroom multifamily units rent for.
Also, as of December 2014, for the past 6 months, the average multifamily rent has decreased by $16.50 or 1%. One bedroom multifamily units have gone down by $63.50 or 7% and two bedroom multifamily units have gone up by $30 or 3%.
A source to get some information on the Minneapolis multifamily market is The Minnesota Multi-Housing Association – http://www.mmha.com/
As of February 15, 2015, the per unit median asking price for multifamily housing for sale, Metro Saint Paul Minnesota, is $66,269.24. This is a loss of 0.6% when compared to the past 3 months and year over year this is a gain of 4.3%.
Saint Paul, has the 2nd highest population in Minnesota. Saint Paul is also the state capital. The population was 294,873 in 2013. Ramsey County has Saint Paul as it’s county seat. Minneapolis along with Saint Paul are twin cities and form the 16th biggest metro in America with around 3.46 million people.
To look for Saint Paul apartment buildings for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for another source to find out more about apartment real-estate in Saint Paul, go to http://www.biggerpockets.com/
Apartment Loan Store is proud to serve the entire Greater Minneapolis/St. Paul area:
- Brooklyn Center
- Columbia Heights
- St. Anthony
- Falcon Heights
- South St. Paul
- West St. Paul
- Mendota / Mendota Heights
- St. Louis Park
- Golden Valley