A typical Saratoga home is worth roughly $421,000
Home prices around Saratoga have risen about 49% over the past 5 years. No new homes were permitted in 2013.
What kind of housing town is Saratoga?
Read from the numbers below. The page puts what stands out first.
89% of Saratoga households own their home
Half of Saratoga’s homes were built before 1990.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Saratoga rose 49% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 2.5%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Saratoga, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4 years of income
About the same as across Minnesota. Try your own numbers below.
That covers a typical Saratoga home, with $3K to spare.
A two-bedroom rents for about $1,290 a month here, $1,170 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Saratoga’s typical property tax (0.72% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,290
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Rochester, MN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2013
No permits for new homes were issued in Saratoga in 2013. The last year with any was 2009 (1 new home).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $168,000 |
| 2008 | 1 | 1 | 0 | $161,000 |
| 2007 | 4 | 4 | 0 | $611,000 |
| 2006 | 2 | 2 | 0 | $298,000 |
| 2005 | 5 | 5 | 0 | $690,000 |
| 2004 | 5 | 5 | 0 | $648,000 |
| 2003 | 1 | 1 | 0 | $123,000 |
Saratoga's permit office didn't report to the Census in 2013, so the 2013 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Saratoga vs. its neighbors
The towns that share a border with Saratoga. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Saratoga | $421K* | +2.5%† | $1,290 | — | $105,568 |
| Pilot Mound | — | −6%† | $1,110 | — | $97,917 |
| St. Charles | $346K | +4.2% | $1,270 | — | $130,357 |
| Elmira | — | +1.4%† | $1,210 | 2 | $117,917 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Saratoga buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.