What is the rental yield in Payne - Phalen?

The gross yield in Payne - Phalen is 5.6. That sits alongside pricing about 18% below Saint Paul and about 17% below Minnesota. The neighborhood also shows a Red Flag score of 47, walkability of 60, and education in the 17th percentile.

How has home value changed in Payne - Phalen over the past year?

Home values in Payne - Phalen are down 1.0% over the past year. Pricing is about 18% below Saint Paul and about 17% below Minnesota, while gross yield is 5.6. The neighborhood also has walkability of 60 and a Red Flag score of 47.

How does Payne - Phalen compare with Saint Paul and Minnesota?

Payne - Phalen is priced about 18% below Saint Paul and about 17% below Minnesota. Its gross yield of 5.6 is paired with a 1.0% decline over the past year. The neighborhood also has walkability of 60, education in the 17th percentile, and a Red Flag score of 47.

Neighborhood

Payne - Phalen

Saint Paul, Minnesota US

Payne - Phalen in Saint Paul, Minnesota presents a yield-focused investment profile with pricing about 18% below Saint Paul and about 17% below Minnesota, a gross yield of 5.6, and values down 1.0% over the past year. The neighborhood combines walkability of 60 with education in the 17th percentile and a Red Flag score of 47, indicating a lower relative price point and a moderate risk reading.

AI Summary•Updated May 2026

Area

3.73 mi²

ZIP Code

55106

County

Ramsey County

State

Minnesota

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$269,920

YoY-1.0%

Gross Rental Yield

5.6%

Listed rent · ZORI annualized

Red Flag Index

Moderate

47 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

17 / 100

Limited · better than 17% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Payne - Phalen Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Payne - Phalen, Saint Paul.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$269,920	-1.0%
Price / Sq Ft (Verified)	$178/sqft	+2.1%
Asking Rent (Median)	$1,258/mo	+3.7%
Gross Rental Yield	5.6%	—
Liquidity Score	40 / 100	Moderate
Homes Sold (Period)	150	-11.2%

Is Payne - Phalen Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Minnesota crime context.

Red Flag Breakdown

47 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Tornado100Very High

Heat100Very High

Hail100Very High

Strong Wind60High

Flood20Low

Wildfire20Low

Earthquake20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Minnesota averaged 18.6 crimes and 2.6 violent per 1,000 residents (-4.8% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 5.6%

Active transaction volume — 150 homes sold last period

Tornado risk is Very High (100/100)

Heat risk is Very High (100/100)

Insights are generated from Payne - Phalen's live DistrictScore metrics.

Payne - Phalen Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Minnesota-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.3 µg/m³ Meets EPA, above WHO guideline-1.4% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Payne - Phalen centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 88% of U.S. neighborhoods.

Minnesota Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.6	2.6	-4.8%
2023	19.7	2.6	-12.3%
2022	22.6	2.8	-3.9%
2021	23.5	3.1	-1.1%
2020	24.0	2.8	+3.5%
2019	23.3	2.4	—

Reported at the state level — the finest official US crime aggregation; Payne - Phalen inherits the Minnesota figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Payne - Phalen

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor10 nearbyVery High

Point-source screening near Payne - Phalen: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Payne - Phalen

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

60

Somewhat Walkable

Walkability Score

23

Grocery

26

Dining

5

Schools

0

Universities

4

Hospitals

2

Pharmacies

28

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Payne - Phalen's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Payne - Phalen vs Saint Paul vs Minnesota

How Payne - Phalen benchmarks against its city and state medians.

Benchmark vs City & State

In Payne - Phalen, the median sale price sits about 18% below the median for Saint Paul neighborhoods and about 15% below the statewide median. Gross rental yield is 5.6%, against 5.4% for Saint Paul neighborhoods and 5.5% statewide. Over the past 12 months, prices fell 1.0%. Transaction liquidity sits above the median for Saint Paul neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Payne - Phalen	$178/sqft	5.6%	40
Saint Paul	$216/sqft	5.4%	35
Minnesota	$209/sqft	5.5%	32

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Compare Payne - Phalen against Saint Paul and Minnesota medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Minnesota tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.99% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 9.85%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: deed tax 0.33%.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Minnesota property-tax guidance for foreign buyers

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Payne - Phalen Real Estate FAQ

Payne - Phalen in Saint Paul, Minnesota has a yield-focused profile. Pricing is about 18% below Saint Paul and about 17% below Minnesota, gross yield is 5.6, and values are down 1.0% over the past year. It also has walkability of 60, education in the 17th percentile, and a Red Flag score of 47.

Neighborhoods near Payne - Phalen

Compare Payne - Phalen with nearby neighborhoods in Saint Paul.

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