St. Martin: Housing & Real Estate
The median St. Martin home is valued at $216,900 (estimated market value runs 7% higher at $232,273), with median rent $425 (2.3× below Stearns County median $975; 2.8× below Minnesota median $1,170). Homeownership rate: 78.7%. That's 1.1× below the Stearns County median ($241,100); 1.3× below the Minnesota median ($290,542). Market is stable. New construction makes up 0.7% of stock. A municipal building code is in effect.
- 3.7× annual income — home value vs. household income (vs Minnesota 3.2×).
- 42.5 years to break even renting at the median (vs Minnesota 21y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 64% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $216,900 — 0.7× the Minnesota median ($290,541). Median rent $425/month. homeownership rate 78.7% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.7× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 10.6% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 16.7% |
| Affordability · Poverty Rate | 17.9% |
| Affordability · Property Tax Pct Income | 3.8% |
| Fair Market Rent · Studio rent | $874 |
| Fair Market Rent · One-bedroom rent | $919 |
| Fair Market Rent · Two-bedroom rent | $1,206 |
| Fair Market Rent · Three-bedroom rent | $1,604 |
| Fair Market Rent · Four-bedroom rent | $1,873 |
| Fair Market Rent · HUD FMR area | St. Cloud, MN MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $232,273 |
| Median Home Value | $216,900 (vs Minnesota $290,542) |
| Median Rent | $425 (vs Minnesota $1,170) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | stable |
|---|---|
| Housing Market · New construction (% of stock) | 0.7% |
| Housing Market · Price Appreciation 2Yr | 3.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 100.0% |
| Broadband · Broadband-capable premises | 179 |
| Electricity · Electricity rate (¢/kWh) | 15.45¢/kWh |
| Electricity · Customers | 2,581,180 |
| Electricity · Revenue Millions | $3,409 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 78.7% |
|---|---|
| Median Year Built | 1977 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12