Ramsey, Minnesota.
Typical home $390,200 (+1.2% in a year), asking rent $1,983 (+4.9%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$994 (+94%) since Jan 2020.
- 1 year
- Up $4,789 +1%
- $385,411$390,200 since Sep 2025
- 5 years
- Up $39,774 +11%
- $350,426$390,200 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Ramsey$2,048
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 32 years.
Typical home values in Ramsey, MN rose 1.2% over the past year — in step with the nation.
Asking rents in Ramsey, MN rose 4.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Ramsey runs $789/mo more than renting one. The gap peaked at $907 in May 2024.
That is $2,773 a month against $1,983 rent: a $2,048 mortgage payment, plus $307 property tax and $418 insurance & upkeep.
Owning vs renting — Ramsey
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,773
- Renting$1,983
- Mortgage only$2,048
Property tax · $307/mo 0.94% of value a year — the ACS 2020-2024 median bill over the median home value for Anoka County, MN
Insurance & upkeep · $418/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Ramsey, Anoka County, Minnesota
Ramsey is a city of 27,646 people in Anoka County. Half its households earn more than $116,415 a year and half less, against $101,869 across Anoka County; 4% of its people live below the poverty line. 85% of its homes are lived in by their owners and 15% are rented. Unemployment in Ramsey was 4.9% in August 2026, and Anoka County had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Ramsey is a city in Anoka County where nearly all homes are lived in by their owners, a much higher share of owners than most places. Household incomes run above the county's, and few residents live below the poverty line. The typical home costs a good deal, and rents are not low either. Winters are cold and snowy, with January the coldest month and highs staying well below freezing, while July brings warm summer days and a fair amount of rain through the year.
Work. Many residents work in schools, hospitals and social care, with others in manufacturing, professional and business services, and the building trades. Within the city, the Tenth Judicial District, HOYA Optical Labs of America's Ramsey lab and Diamond Graphics are among the largest workplaces. Commutes are fairly long, and a good number of people work from home. Unemployment is a little higher than it was a year ago, and Anoka County has about as many jobs as it did the year before.
Things to do. The Rum River is a short drive away and is the nearest spot for time on the water. A longer drive brings you to Minneapolis, where the Minneapolis Institute of Art is a museum worth a day, and Target Field is a stadium for ballgames. Lake Minnetonka is another longer drive for a day by the lake.
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- 10,693households
- 34%of adults have a degree
- 4%below the poverty line
- 28 mintypical commute
- 17%work from home
What residents work in
Employed residents by industry, from the Census survey. Anoka County had 133,128 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 4°; warmest in July, with highs near 83° and lows near 61°. About 36 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Elk River weather station, 7 miles away (NOAA).
Largest workplaces in Ramsey
- Tenth Judicial DistrictCourts of law, civilian386
- HOYA Optical Labs of America, Inc. _ Ramsey LabLenses, ophthalmic, manufacturing370
- Diamond GraphicsBusiness services304
- Connexus EnergyDistribution of electric power224
- Delta ModTechPackaging machinery manufacturing215
- Anderson DahlenSheet metal work manufacturing201
- Zero Zone RefrigerationRefrigeration equipment, industrial and commercial-type, manufacturing195
- Green Valley GreenhousePlant, ornamental, growing171
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 36 workplaces with 20 or more staff, 4,023 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Hailrelatively high in parts of RamseyRelatively moderate
- Lightningrelatively high in parts of RamseyRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Ramsey’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Anoka County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Ramsey home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Ramsey$390,200
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 3 Ramsey listings, and the typical home goes pending in 24 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Ramsey29.45%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Ramsey24
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Ramsey109
New listings per month
Sellers arriving at the market.
- Ramsey41
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Ramsey$394,159
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Ramsey100.11%
Zip codes with a Ramsey address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Ramsey — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.