House Prices

House Prices & Home Values Babbitt, MN 2026


Average Data

average house price$155,740
average size per house1432 ft²
average price per ft²109 $ / ft²

04/16/2026 - The value range (VR) for house prices in Babbitt, MN is $121/ sqft to $121/ sqft. An average home with 1432 sqft costs approximately $173,272 to $173,272. Babbitt, MN includes 1 ZIP codes and it is located in St. Louis county. The lowest prices are found in ZIP 55706, while the highest are in ZIP 55706. The average price per sqare feet is $109. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Babbitt

55706114 $ / ft²




Historical development of home values in Babbitt

Year Estimated value (USD) Change vs. 2025
2010 $72,328 -53.6%
2011 $69,532 -55.4%
2012 $69,344 -55.5%
2013 $71,936 -53.8%
2014 $75,513 -51.5%
2015 $79,389 -49.0%
2016 $83,532 -46.4%
2017 $88,040 -43.5%
2018 $92,908 -40.3%
2019 $97,216 -37.6%
2020 $102,241 -34.4%
2021 $116,289 -25.3%
2022 $135,566 -13.0%
2023 $142,961 -8.2%
2024 $151,231 -2.9%
2025 $155,740 0.0%

Graph: estimated home values in Babbitt over time (USD)



Example: 100% financing house in Babbitt

Loan amount: $155,740

Interest rate: 6.00%

Fixed monthly payment: $933.74

Breakdown in the 1st month:
Interest portion: $778.70  –  Principal portion: $155.04

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,292.37 $1,912.51 $153,827.49
2 $9,174.42 $2,030.46 $151,797.03
3 $9,049.18 $2,155.70 $149,641.33
4 $8,916.22 $2,288.66 $147,352.67
5 $8,775.06 $2,429.82 $144,922.86
6 $8,625.20 $2,579.68 $142,343.17
7 $8,466.09 $2,738.79 $139,604.38
8 $8,297.16 $2,907.72 $136,696.66
9 $8,117.82 $3,087.06 $133,609.61
10 $7,927.42 $3,277.46 $130,332.15
11 $7,725.27 $3,479.61 $126,852.54
12 $7,510.66 $3,694.22 $123,158.32
13 $7,282.81 $3,922.07 $119,236.25
14 $7,040.90 $4,163.98 $115,072.27
15 $6,784.08 $4,420.80 $110,651.47
16 $6,511.41 $4,693.47 $105,958.00
17 $6,221.93 $4,982.95 $100,975.05
18 $5,914.59 $5,290.29 $95,684.77
19 $5,588.30 $5,616.58 $90,068.18
20 $5,241.88 $5,963.00 $84,105.19
21 $4,874.10 $6,330.78 $77,774.40
22 $4,483.63 $6,721.25 $71,053.15
23 $4,069.07 $7,135.81 $63,917.34
24 $3,628.95 $7,575.93 $56,341.42
25 $3,161.69 $8,043.19 $48,298.22
26 $2,665.60 $8,539.28 $39,758.95
27 $2,138.92 $9,065.96 $30,692.98
28 $1,579.75 $9,625.13 $21,067.85
29 $986.09 $10,218.79 $10,849.06
30 $355.82 $10,849.06 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Babbitt, MN


1500 sqft3900 sqft
Ø selling price$197,836$420,850
Ø fast selling$179,850$378,765
Ø high price sale$215,821$462,934

In 2026, houses in Babbitt, MN will be offered at an average price of $109 per square foot. A 1,500 sqft home priced at $197,836 is 21.62% more expensive per square foot than a 3,900 sqft home priced at $420,850. Home prices in Babbitt, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $291,357. Sellers who can wait longer may achieve a higher price of up to $356,103.


Discover Babbitt, MN

Northwoods Overview

Nestled in northeastern Minnesota, Babbitt, MN blends small-town warmth with easy access to wild Northwoods adventure. Founded as a taconite mining community, the city honors its iron mining heritage while looking ahead with resilient local businesses and community pride. Visitors use Babbitt as a quiet gateway to the Boundary Waters Canoe Area Wilderness and sprawling Superior National Forest.

Outdoor Recreation

Crystal lakes, pine-rimmed trails, and abundant wildlife make the area ideal for canoeing, fishing, and hiking from spring through fall. When snow arrives, residents and travelers shift to snowmobiling, cross-country skiing, and fat-tire biking on groomed routes. Clear night skies often reveal the Northern Lights, complementing year-round stargazing at quiet campgrounds and lakeside cabins.


Community and Travel Tips

Family-friendly parks, community events, and accessible amenities create a welcoming base for road trips along the Iron Range and day visits to Ely. Affordable lodging, RV sites, and local eateries make it easy to extend a stay and explore nearby waterfalls, scenic byways, and cultural museums. From birdwatching to ATV rides, Babbitt?s uncrowded spaces deliver the kind of restorative outdoor recreation people seek in northern Minnesota. Plan your trip to Babbitt, Minnesota to experience authentic Northwoods culture, history, and nature in one friendly, trail-connected town.



FAQ – Home Values in Babbitt

What is the median home value in Babbitt in 2026?

In 2026, the typical home value in Babbitt is about $155,740 for an average home size of 1432 square feet. This corresponds to an average price of roughly $109 per square foot.

What is the average cost per square foot in Babbitt?

In 2026, homes in Babbitt sell for an average of around $109 per square foot, with a typical range between $121 and $121 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Babbitt is about 1432 square feet, with an estimated 2026 value around $155,740.



Locations close to Babbitt, MN

Barnum, MN172 $ / ft²
Biwabik, MN135 $ / ft²
Bovey, MN85 $ / ft²
Aurora, MN110 $ / ft²
Askov, MN227 $ / ft²
Angora, MN197 $ / ft²




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