The housing market in Babbitt, MN is quite favorable compared to the rest of the US. Median housing value is $111,900 which is significantly lower than the US median value of $338,100. In addition, house appreciation over the last year has been 13.08%, much higher than the US average of 8.27%. This suggests that Babbitt is a great place for individuals looking to invest in real estate.
The median home cost in Babbitt is $111,900. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Babbitt is up 13.2%.
Average Age of Homes
- The median age of Babbitt real estate is 59 years old
The Rental Market in Babbitt
- Renters make up 16.8% of the Babbitt population
- 0.4% of houses and apartments in Babbitt, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.