Median household income: $73,055; value-to-income ratio 3.84. Saint Paul ranks 69 by home value and 2 by population among 101 places in our MN dataset.
What does an FHA loan cost on a typical Saint Paul home?
| Item | Saint Paul |
|---|---|
| Median home value (Census ACS) | $280,300 |
| Minnesota median home value | $305,500 |
| Down payment (3.5%) | $9,811 |
| Loan incl. 1.75% upfront MIP | $275,223 |
| Estimated monthly payment (PITI + MI) | $2,397 |
| Income needed (28% / 36%) | $103,000 / $80,000 |
| Ramsey County 2026 FHA limit (1 unit) | $552,000 |
| Max purchase price at the limit | $572,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Payment includes Minnesota's 1.04% effective property tax rate (Census ACS), $1,988/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.
What is the 2026 FHA loan limit in Saint Paul?
Saint Paul is in Ramsey County where HUD's 2026 one-unit FHA limit is $552,000. With the minimum 3.5% down, that caps the purchase price at about $572,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).
The Saint Paul median home value of $280,300 is 8% below the Minnesota median, and within what the county limit supports.
Which down payment assistance programs can Saint Paul buyers use?
- Inheritance Fund (Rondo and West Side Flats) — Up to $110,000 ($50,000-$100,000 plus $10,000 for purchases in historic Rondo/West Side); assistance (see official terms); city-level. City of Saint Paul Planning and Economic Development · Verified October 25, 2026
- Minnesota Housing Deferred Payment Loan Plus — Up to $18,000; deferred; state-level. Minnesota Housing · Verified October 23, 2026
- Minnesota Housing Monthly Payment Loan — Up to $14,000; second_mortgage; state-level. Minnesota Housing · Verified October 23, 2026
FHA loans in nearby cities
FHA loan FAQs for Saint Paul
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- HUD Single Family Housing Policy Handbook 4000.1
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac — Primary Mortgage Market Survey
- City of Saint Paul Planning and Economic Development — Inheritance Fund (Rondo and West Side Flats)
- Minnesota Housing — Minnesota Housing Deferred Payment Loan Plus
Data last updated October 23, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.