According to statistics, the population in Babbitt, MN amounts to 1,496, which shows decline -5% compared to the previous year. The median age of the city’s residents is 52. The average household income is $42,417, shifting decline 0% from the past year, and the average property value in Babbitt, MN growth 1% to $69,800 throughout the year.
|Number Of Employees||656|
|Median Property Value||$69,800|
The average household income in Babbitt, MN grew from $42,321 to $42,417 in the past year. This data is an estimate based upon 766 households in Babbitt, MN . The chart below presents how household income is distributed in Babbitt, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Babbitt, MN shifted from $69,000 to $69,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Babbitt, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Babbitt, MN properties falls in the '$50,000 to $59,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Babbitt, MN compared to median property taxes around the country. The prevalent amount of property taxes in Babbitt, MN equals $800, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Babbitt, MN increased by 15.6% to $121,573.
Asking price for 2-bed apartment also increased by 0.3% and a place of this size will now cost you $107,877. A 3-bed apartment goes for $134,360, it decreased by 25.3% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $295,000 for a big-family home.