St. Michael, MN housing market
The typical St. Michael home is worth about $435,000, about the same as a year ago, 24% above the Minnesota typical home. Homes typically sell in 35 days, close to asking.
Home values, sales, trends and how St. Michael compares with the towns next door — updated as new data is published.
St. Michael at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | St. Michael | Minnesota |
|---|---|---|
| 2017 | $280,000 | $217,000 |
| 2018 | $294,000 | $232,000 |
| 2019 | $311,000 | $246,000 |
| 2020 | $322,000 | $259,000 |
| 2021 | $352,000 | $282,000 |
| 2022 | $408,000 | $313,000 |
| 2023 | $418,000 | $325,000 |
| 2024 | $426,000 | $331,000 |
| 2025 | $435,000 | $341,000 |
| 2026 | $434,000 | $349,000 |
| August 2026 | $435,000 | $351,000 |
315 new homes permitted in 2025
Builders were permitted 315 new homes in St. Michael in 2025: 297 single-family houses and 18 in buildings with two or more homes, worth about $116.7 million to build. That's 16 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, St. Michael has permitted 2,361 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, St. Michael gained 1,836 residents while 658 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
How St. Michael ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 198 | 198 | 0 | $77.8 million |
| 2025 | 315 | 297 | 18 | $116.7 million |
| 2024 | 305 | 283 | 22 | $115.5 million |
| 2023 | 218 | 204 | 14 | $79.4 million |
| 2022 | 392 | 218 | 174 | $112.2 million |
| 2021 | 395 | 273 | 122 | $106.5 million |
| 2020 | 273 | 224 | 49 | $82.9 million |
| 2019 | 118 | 110 | 8 | $34.7 million |
| 2018 | 116 | 116 | 0 | $34.6 million |
| 2017 | 106 | 106 | 0 | $30 million |
| 2016 | 123 | 74 | 49 | $24.4 million |
| 2015 | 35 | 35 | 0 | $11.8 million |
| 2014 | 34 | 34 | 0 | $10.5 million |
| 2013 | 60 | 60 | 0 | $14.9 million |
| 2012 | 28 | 28 | 0 | $6.8 million |
| 2011 | 23 | 23 | 0 | $5.1 million |
| 2010 | 15 | 15 | 0 | $3.2 million |
| 2009 | 17 | 17 | 0 | $3.6 million |
| 2008 | 50 | 50 | 0 | $8.5 million |
| 2007 | 55 | 55 | 0 | $12.3 million |
| 2006 | 102 | 102 | 0 | $19.9 million |
| 2005 | 263 | 263 | 0 | $47.9 million |
| 2004 | 355 | 355 | 0 | $65.9 million |
| 2003 | 380 | 380 | 0 | $66.8 million |
| 2002 | 438 | 438 | 0 | $67.9 million |
| 2001 | 400 | 400 | 0 | $67.6 million |
| 2000 | 398 | 398 | 0 | $61 million |
How St. Michael ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
St. Michael and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| St. Michael | $435K | 0% | $1,520 | 315 | $131,274 |
| Rogers | $464K | +1% | $1,870 | 250 | $158,750 |
| Albertville | $382K | +0.1% | $1,870 | 4 | $132,734 |
| Otsego | $428K | 0% | $1,660 | 275 | $119,927 |
| Hanover | $452K | +0.7% | $1,520 | 82 | $156,536 |
| Buffalo | $379K | +1.6% | $1,520 | — | $118,194 |
| Rockford | $356K | +0.3% | $1,520 | — | $93,378 |
3.3 years of income
The typical St. Michael home costs about 3.3 years of the town's median household income, less than across Minnesota (3.9 years).
How St. Michael ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in St. Michael is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in St. Michael pay a median of $1,483. A two-bedroom takes about 14% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55313, 55376; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.