Zip 55601 (Beaver Bay, MN) Housing

The housing market in 55601 Beaver Bay, MN is quite strong. The median value of homes in this area is $235,300, which is significantly lower than the US median value of $338,100. However, the 1 year appreciation rate for houses in 55601 Beaver Bay is 12.16%, which is much higher than the US average of 8.27%. This indicates that the housing market in this location is growing at a faster rate than other parts of the country, offering potential buyers a good opportunity to invest in their property.

The median home cost in Beaver Bay (zip 55601) is $235,300. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Beaver Bay (zip 55601) is up 13.9%.

Average Age of Homes

- The median age of Beaver Bay (zip 55601) real estate is 57 years old

The Rental Market in Beaver Bay (zip 55601)

- Renters make up 7.7% of the Beaver Bay (zip 55601) population
- 3.4% of houses and apartments in Beaver Bay (zip 55601), 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	Beaver Bay, Minnesota	United States
	146.0	139,647,020.0
	51	42
	$235,300	$338,100
	13.9%	16.6%
	49.8%	57.0%
	70.1%	101.1%
	$7.90	$10.98
	$2,233	$2,690
	48.6%	57.4%
	47.3%	11.2%
	4.1%	31.4%
Vacant Housing
	3.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	43.8%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	5.6%	2.8%
	4.2%	3.9%
	9.9%	4.5%
	8.5%	11.3%
	21.1%	13.0%
	19.7%	20.1%
	0.0%	13.6%
	23.9%	8.3%
	7.0%	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%
	18.5%	13.6%
	18.5%	13.6%
	12.3%	13.6%
	0.0%	13.2%
	7.5%	14.8%
	12.3%	13.6%
	19.9%	10.0%
	1.4%	4.7%
	8.9%	12.2%

Reviews for Beaver Bay

See all (0)

Write a Review

Start Your Review of Beaver Bay

Commute

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