Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Babbitt area can be challenging. Home prices in Babbitt are now at a median cost of $143,601, lower than the Minnesota average of $269,934.
The average cost of rent is $713/mo in Babbitt, primarily driven by the current value of real estate in the Babbitt area. While nearly 56.95% of residents own their homes outright in Babbitt, 11.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Babbitt is $4,476 per month. Households that rent pay about 15.92% of their income on rent here. Babbitt's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Winton, MN: higher priced homes
- Robinson, MN: higher priced homes
- Ely, MN: higher priced homes
- Embarrass, MN: less expensive homes
- Section Thirty, MN: higher priced homes
- Colby, MN: less expensive homes
- Soudan, MN: equally priced homes
- Hoyt Lakes, MN: less expensive homes
- Aurora, MN: less expensive homes
- Tower, MN: higher priced homes
Cities with Similar Populations
- Suring, WI: equally priced homes
- Ash Fork, AZ: equally priced homes
- Newton, GA: less expensive homes
- Pettisville, OH: equally priced homes
- Richlandtown, PA: higher priced homes
- Lorida, FL: less expensive homes
- Rogers, OH: equally priced homes
- Royal Center, IN: less expensive homes
- Industry, PA: equally priced homes
- Uniontown, KY: less expensive homes
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