Saint Michael, Minnesota.
Typical home $441,809 (+0.4% in a year), asking rent $1,915 (+5.5%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,131 (+95%) since Jan 2020.
- 1 year
- Up $1,669 +0%
- $440,140$441,809 since Sep 2025
- 5 years
- Up $43,153 +11%
- $398,656$441,809 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.
- Saint Michael$2,319
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 34 years.
Typical home values in Saint Michael, MN rose 0.4% over the past year — slower than the nation's +1.2%.
Asking rents in Saint Michael, MN rose 5.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Saint Michael runs $1,238/mo more than renting one. The gap peaked at $1,357 in May 2025.
That is $3,153 a month against $1,915 rent: a $2,319 mortgage payment, plus $361 property tax and $473 insurance & upkeep.
Owning vs renting — Saint Michael
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$3,153
- Renting$1,915
- Mortgage only$2,319
Property tax · $361/mo 0.98% of value a year — the ACS 2020-2024 median bill over the median home value for Wright County, MN
Insurance & upkeep · $473/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 Saint Michael, Wright County, Minnesota
Saint Michael is a city of 18,235 people in Wright County. Half its households earn more than $131,274 a year and half less, against $107,209 across Wright County; 3% of its people live below the poverty line. 90% of its homes are lived in by their owners and 10% are rented. Unemployment in Wright County was 4.5% in August 2026, and the county had 1.0% more jobs in 2025 than 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. Saint Michael is a city in Wright County where nearly everyone owns the home they live in, and the share of households living below the poverty line is small. Incomes run well above the county's, and the population is younger than in many towns, with a good number of adults holding a four-year degree. Homes here cost a good deal more to buy than in much of the country, and rents are on the high side too. Winters are cold, with January highs near freezing at best and lows well below it, and a fair amount of snow falls each year. Summers are warm, with July the warmest month.
Work. Residents work mostly in schools, hospitals and social care, with many others in manufacturing, shops and professional and business services. Within the city, the largest workplaces include PCiRoads, a road and bridge resurfacing contractor, St. Michael-Albertville High School, and Apex Water and Process, which makes antiscaling compounds. The typical commute is a fairly long one, and quite a few people work from home. Unemployment across Wright County has risen a little over the past year, while the number of jobs in the county has edged up.
Things to do. For time outdoors, the Crow River and Beebe Lake are both a short drive away. Farther afield, a longer drive brings you to Lake Minnetonka, and to the Minneapolis Institute of Art, a museum worth a day's visit. Saint Anthony Falls, a waterfall on the Mississippi, is another longer drive.
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- 7,189households
- 44%of adults have a degree
- 3%below the poverty line
- 29 mintypical commute
- 19%work from home
What residents work in
Employed residents by industry, from the Census survey. Wright County had 49,245 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 3°; warmest in July, with highs near 81° and lows near 61°. About 40 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Buffalo 2NE weather station, 7 miles away (NOAA).
Largest workplaces in Saint Michael
- PCiRoadsResurfacing, highway, road, street, bridge or airport runway280
- St. Michael-Albertville High SchoolBoarding schools, elementary or secondary232
- Apex Water and ProcessAntiscaling compounds manufacturing137
- B & D Plumbing, Heating & ACPlumbing and heating contractors133
- St. Michael-Albertville Community Ed CenterBoarding schools, elementary or secondary112
- St. Michael-Albertville Middle School EastBoarding schools, elementary or secondary108
- Marksman Metals CoSteel manufacturing99
- The Legacy of St. MichaelAssisted-living facilities without on-site nursing care facilities90
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 1,777 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 moderate
- Winter weatherRelatively moderate
- TornadoesRelatively moderate
- LightningRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Saint Michael’s census tracts, against the rest of the country; all of them together, relatively 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 Wright County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Saint Michael home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Saint Michael$441,809
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Saint Michael listings, and the typical home goes pending in 36 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.
- Saint Michael30.61%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Saint Michael97
New listings per month
Sellers arriving at the market.
- Saint Michael27
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Saint Michael$426,108
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Saint Michael100.37%
Zip codes with a Saint Michael address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Saint Michael — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.