The story of this market
The typical home in ZIP 55116 sells for about $549,950, or $254 per square foot.
Prices are up +27.9% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,318 a month.
ZIP 55116 — St. Paul
The 55116 housing market is highly competitive, characterized by a significant year-over-year increase in median sale prices and a strong sale-to-list ratio. Demand remains robust, driven by the ongoing Highland Bridge redevelopment and the area's desirable location. Limited inventory continues to exert upward pressure on pricing.
This area is well-suited for family buyers and professionals seeking a mix of established residential character and modern new-construction options near the river.
Median prices moved up 27.9% year over year.
Homes spend a median of 28 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 101.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 8.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55116, Ramsey County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The Highland Bridge development is a major mixed-use project currently transforming the former Ford Motor Company assembly plant site into a new neighborhood.
Residents in 55116 benefit from proximity to major transit corridors providing access to the Minneapolis-Saint Paul employment core.
The area features extensive access to the Mississippi River, numerous neighborhood parks, and proximity to major shopping districts in Highland Park.
The local economy is supported by a mix of retail, professional services, and proximity to the broader Twin Cities employment hub.
The area is served by major arterial roads and public transit routes connecting to downtown Saint Paul and Minneapolis.
The Highland Bridge project remains the primary development focus, significantly increasing housing density and commercial space in the area.
Data sourced from Data Commons and Census Bureau estimates.
- Mall of America®4.65.2 mi
- Valleyfair4.215.9 mi
- Great Wolf Lodge | Minnesota3.95.3 mi
- Nickelodeon Universe4.55.2 mi
- Slick City Action Park4.517.6 mi
- U.S. Bank Stadium4.66.2 mi
- Grand Casino Arena4.64.1 mi
- Minneapolis Convention Center4.56.6 mi
- Minnesota State Fair4.74.7 mi
- Topgolf Brooklyn Center4.312.6 mi
- Mall of America®4.65.2 mi
- U.S. Bank Stadium4.66.2 mi
- Como Park Zoo & Conservatory4.75 mi
- Minnesota Zoo4.69.9 mi
- Minneapolis Institute of Art4.86.2 mi
- Minneapolis Institute of Art4.86.2 mi
- Science Museum of Minnesota4.64.1 mi
- Union Depot4.54.8 mi
- Walker Art Center4.57.2 mi
- Minnesota State Capitol4.74.5 mi
- Como Park Zoo & Conservatory4.75 mi
- Minneapolis Sculpture Garden4.77.3 mi
- Centennial Lakes Park4.78.3 mi
- Lake Harriet Regional Park4.87 mi
- Boom Island Park4.77.5 mi
- Pool and Yacht Club4.71.6 mi
- Watergate Marina4.50.9 mi
- Topgolf Brooklyn Center4.312.6 mi
- The Minikahda Club4.47.9 mi
- Puttery4.77.1 mi
- Braemar Golf Course4.411 mi
- Brookview Golf Course and Lawn Bowling4.211.6 mi
- Mall of America®4.65.2 mi
- Rosedale Center4.37.1 mi
- Twin Cities Premium Outlets4.56.9 mi
- Karmel Mall4.16.3 mi
- Maplewood Mall411 mi
- Minneapolis-Saint Paul International Airport4.42.8 mi
- Shoyu3.72.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park featuring athletic fields, trails, and recreational facilities.
Provides extensive trail systems and scenic natural areas along the western border of the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.