The median home value in Babbitt, MN is $111,900. This is lower than the county median home value of $197,400. The national median home value is $338,100. The average price of homes sold in Babbitt, MN is $111,900. Approximately 68.93% of Babbitt homes are owned, compared to 15.07% rented, while 16.01% are vacant. Babbitt real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Babbitt real estate agent to arrange a tour today!
Babbitt, Minnesota 55706 has a population of 1,364. Babbitt 55706 is less family-centric than the surrounding county with 12.25% of the households containing married families with children. The county average for households married with children is 26.31%.
The median household income in Babbitt, Minnesota 55706 is $45,250. The median household income for the surrounding county is $61,213 compared to the national median of $69,021. The median age of people living in Babbitt 55706 is 53.8 years.
The average high temperature in July is 77 degrees, with an average low temperature in January of -9 degrees. The average rainfall is approximately 29.3 inches per year, with 63.3 inches of snow per year.