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Affordable
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These days, finding an affordable place to live in the Hibbing area can be challenging. Home prices in Hibbing are now at a median cost of $137,964, lower than the Minnesota average of $345,793.
The average cost of rent is $795/mo in Hibbing, primarily driven by the current value of real estate in the Hibbing area. In Hibbing, 28.72% of households rent, and 52.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hibbing is $5,073 per month. Households that rent pay about 15.67% of their income on rent here. Hibbing’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilpen, MN: higher priced homes
- Chisholm, MN: less expensive homes
- Keewatin, MN: less expensive homes
- Lavinia, MN: equally priced homes
- Buhl, MN: equally priced homes
- Little Swan, MN: higher priced homes
- Kinney, MN: higher priced homes
- Silica, MN: higher priced homes
- Kelsey, MN: higher priced homes
- Iron, MN: higher priced homes
Cities with Similar Populations
- Grosse Pointe Woods, MI: higher priced homes
- Whitewater, WI: higher priced homes
- Whitman, MA: higher priced homes
- Wilmington, OH: higher priced homes
- Harper Woods, MI: higher priced homes
- Hampton, NH: higher priced homes
- Ham Lake, MN: higher priced homes
- Haddonfield, NJ: higher priced homes
- Guyton, GA: higher priced homes
- Guntersville, AL: higher priced homes
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