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Housing market/Minnesota/ZIP 55122

ACS 2023 · FY2027 SAFMR

ZIP 55122 Saint Paul, Minnesota

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,483
Households
13,541
Median HH income
$93,980
Renter share
30.8%
Median gross rent
$1,594
Vacancy
3.0%
Pop. change
-2.4%
2BR SAFMR
$1,840
SAFMR / rent
1.154×
2–49 unit stock
2,031
LIHTC proj / units
4 / 384
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 55122 · MN — sent to you.

ZIP 55122 · MN

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ACS rent vs 2BR SAFMR

ZIP 55122 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,594
2BR SAFMR$1,840
90% floor$1,656
110% ceiling$2,024

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55122

  • 1-unit detached6,53546.8%
  • 1-unit attached3,74926.8%
  • 2–4 units3312.4%
  • 5–49 units1,70012.2%
  • 50+ units1,64211.8%
  • Mobile80.1%
TypeUnitsShare
1-unit detached6,53546.8%
1-unit attached3,74926.8%
2 units (duplex)520.4%
3–4 units2792.0%
5–9 units2681.9%
10–19 units5003.6%
20–49 units9326.7%
50+ units1,64211.8%
Mobile80.1%

2–4 unit share 2.4% · 5–49 unit share 12.2% · combined 2–49 14.5%.

Units by bedrooms

Studio
242
1BR
1,279
2BR
4,636
3BR
3,774
4BR
3,139
5+
895

Rent burden

Rent ≥30% of income43.8%
Rent ≥50% of income21.1%
  • ACS median gross rent $1,594 (all bedrooms, occupied rentals).
  • Median contract rent $1,470.
  • Renters paying ≥30% of income 43.8%; ≥50% 21.1%.
  • FY2027 2BR SAFMR $1,840 (1.154× ACS median gross rent).

Population

31,483 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 384 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 946 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 55122 30.8% of occupied households are renters; vacancy is 3.0%; ACS median gross rent is $1,594; population changed -2.4% between the 2018 and 2023 ACS vintages; the housing stock includes 331 units in 2–4-unit structures and 1,700 units in 5–49-unit structures; 4 LIHTC projects totaling 384 units; FY2027 2BR SAFMR is $1,840 versus ACS median gross rent of $1,594. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Minnesota research

ZIP 55122 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55122 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54002Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area22.0%$1,200$1,54054003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 55122?

ZIP 55122 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 31,483 residents, 13,541 households, a renter share of 30.8%, median household income of $93,980, and ACS 2023 median gross rent of $1,594. Vacancy is 3.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55122?

ACS counts 52 units in 2-unit buildings, 279 in 3–4 unit buildings, 268 in 5–9, 500 in 10–19, and 932 in 20–49. Combined 2–49 unit stock is 2,031 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55122?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,840. See the full schedule and 90–110% payment-standard band on the ZIP 55122 — Saint Paul, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55122 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.