5 Great Towns Where Buying Is Cheaper Than Renting

St. Paul, Minnesota

Rent in St. Paul, Minnesota is the same as the national average at $1,500. The average mortgage payment in the state is about $1,226, which is a difference of over $225. The average property tax rate is just over 1.15% but varies according to county. An average home in St. Paul is worth about $235,000.