If you go way back to the time before the housing market crash, like before 2007 you could find new construction homes for sale. I know I sold a few back in the day.
There are currently 33 new construction type properties for sale in Ramsey County and 5 in St. Paul. Average new construction prices are in the $400K range with 2500 square feet of finished living space.
Builders say they can’t make a profit on small affordable houses. No, it isn’t your imagination. Housing is getting more and more expensive and there are more people living on the streets and in tent camps too.
The average rent in St. Paul is close to $1200 a month. Rents are lower outside of the city and in the nearby suburbs.
Wages have not kept up with housing costs.