Ramsey, Minnesota is a mid-sized city with a population of 25,329 inhabitants. According to the most recent Census, 92% of Ramsey residents are White, 3% Asian and 2% Black. 83% of the people in Ramsey (over the age of 15) are married and 58% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a great experience if you are willing to get to know the city before actually living in Ramsey, Minnesota. With useful information like amenities, cost of living, weather and other key data points, finding the best places to live in Ramsey and in the areas around Ramsey is a much easier task.
With a livability score of 77/100, Ramsey is ranked #3,169 in the United States and #59 in Minnesota. Clearly, Ramsey is doing something right, as this score ranks well above the average of most cities. For each of the livability categories, we know that Ramsey ranks very well for crime (A+), education (A+), employment (B) and housing (A). Ramsey does not rank well for the following: cost of living (F) and weather (F). It might be a smart idea to take a closer look at each category to find out why.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Ramsey gets top scores for their low violent crime rates of 53 crimes per 100,000 residents, which are significantly lower than the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Ramsey have a test score average of 68%, which is well above the US average.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Ramsey apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Ramsey is actually affordable. The median home price for Ramsey homes is $210,200, which is 9.8% higher than the Minnesota average. If we take a closer look at the affordability of homes in Ramsey, we’ll see that the home price to income ratio is 2.4, which is 20% lower than the Minnesota average. Year over year appreciation rates for homes in the Ramsey area were 6.3% and the 5 year appreciation rates came in at 7.4%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.