St. Paul is an old established city with older houses. The median age of residential units is 69 years old. Fifty-seven percent of single-family, duplex, and triplexes structures were built before 1930. An estimated one-fifth of St. Paul housing was built in the 1920s.
There are a lot of houses that need work. As a longtime owner of a house that was built in the 1850s, I have learned that everything wears out eventually and that it can all be fixed, updated and even retrofitted.
The city of Saint Paul has some “homeowner incentive” programs available. There are low interest and no interest, fixer-upper loans and deferred payment programs. There are renovation and rehab loans too and assistance for people who want to buy homes in St. Paul.
I see many old houses that need a lot of work and that does impact the value. One way to protect your investment in an old house is to keep it in good repair.