Zip 55706 (Babbitt, MN) Housing

Housing in 55706 Babbitt, MN is a great investment with a median value of $117,800. This is significantly lower than the US House Median Value of $338,100 and provides plenty of opportunity for growth. The best part is that the 1 year House Appreciation in 55706 Babbitt, MN was 13.08%, which is higher than the US 1 year House Appreciation of 8.27%. Investing in housing in 55706 Babbitt, MN now would be a smart decision as it has the potential to bring great returns over time.

The median home cost in Babbitt (zip 55706) is $117,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Babbitt (zip 55706) is up 13.2%.

Average Age of Homes

- The median age of Babbitt (zip 55706) real estate is 59 years old

The Rental Market in Babbitt (zip 55706)

- Renters make up 13.2% of the Babbitt (zip 55706) population
- 0.3% of houses and apartments in Babbitt (zip 55706), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Babbitt, Minnesota	United States
	1,118.0	139,647,020.0
	58	42
	$117,800	$338,100
	13.2%	16.6%
	50.0%	57.0%
	60.0%	101.1%
	$8.33	$10.98
	$658	$2,690
	63.6%	57.4%
	25.1%	11.2%
	11.3%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	4.5%	0.7%
	0.0%	0.4%
	14.4%	3.6%
	6.0%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	6.8%	2.4%
	16.9%	2.8%
	27.0%	3.9%
	16.3%	4.5%
	10.8%	11.3%
	6.9%	13.0%
	7.7%	20.1%
	3.5%	13.6%
	1.3%	8.3%
	2.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	0.7%	13.6%
	7.1%	13.2%
	17.0%	14.8%
	0.7%	13.6%
	42.2%	10.0%
	0.8%	4.7%
	1.7%	12.2%

Reviews for Babbitt

See all (0)

Write a Review

Start Your Review of Babbitt

Commute

The premier source for comprehensive city data for over 30 years.