The median home value in Babbitt, MN is $69,600. This is lower than the county median home value of $153,000. The national median home value is $219,700. The average price of homes sold in Babbitt, MN is $69,600. Approximately 68.72% of Babbitt homes are owned, compared to 18.72% rented, while 12.56% 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 1,496. Babbitt 55706 is less family-centric than the surrounding county with 14.94% of the households containing married families with children. The county average for households married with children is 26.75%.
The median household income in Babbitt, Minnesota 55706 is $42,417. The median household income for the surrounding county is $50,936 compared to the national median of $57,652. The median age of people living in Babbitt 55706 is 52 years.
The average high temperature in July is 77.5 degrees, with an average low temperature in January of -8.4 degrees. The average rainfall is approximately 29 inches per year, with 64.6 inches of snow per year.