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St. Peter

Learn about the people, housing, costs and businesses in St. Peter, Minnesota

Median Home$260,943
Median Rent$970/month
Population12,382
Leading IndustryPublic Administration44% of local workforce
Home Value Growth+8.2% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners69% of occupied units
NotableHighly Educated25% bachelor's · 19% graduate · top 18% nationally
St. Peter
MN

Frequently Asked Questions

What are today's mortgage rates in St. Peter?

As of today, the 30-year fixed mortgage rate for St. Peter is approximately 6.926% (6.963% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in St. Peter?

The median home value in St. Peter is $261k. The median monthly rent is $970. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in St. Peter?

Home values in St. Peter have increased 8.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in St. Peter?

Based on a typical all-in ownership cost of $1,056/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in St. Peter is $69k/year.

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What industries drive the economy in St. Peter?

The largest employment sectors in St. Peter are public administration (44%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.