Similar to its surrounding areas, it's a lot less expensive compared to the nation as a whole. Compared to the city of Duluth, it is a lot less expensive.
Home prices
The median home value in Babbitt is $75,300. In comparison to nearby areas this is is very similar.Compared to the entire country it is approximately $142,200 (65%) lower, and in comparison to the city of Duluth it is approximately $88,000 (53%) lower.
Rents
The median rent in Babbitt is $656 a month. Compared to its surrounding areas this is roughly $100 (18%) higher.It is about $406 (38%) lower in comparison to the rest of the nation, and compared to the city of Duluth it is about $164 (19%) lower.
Nearby places
Hoyt Lakes
Hoyt Lakes is Babbitt's neighbor to the southwest. The housing prices there are somewhat less expensive. The median home in Hoyt Lakes is valued at $69,600, which works out to $5,700 (8%) lower than Babbitt. The rent there is a bit less expensive. The median rent in Hoyt Lakes is $615 per month, which works out to $41 (6%) lower than Babbitt.
Aurora
Aurora is about 13 miles southwest from Babbitt. Its housing prices are a little less expensive. The median home in Aurora is valued at $66,600, which works out to $8,700 (13%) lower than Babbitt. The rent there is a bit less expensive. Aurora's median rent is $578 per month, which works out to $78 (13%) lower than Babbitt.
Soudan
Soudan is roughly 15 miles northwest of Babbitt. Its housing prices are somewhat less expensive. The median home in Soudan is valued at $70,800, which comes out to $4,500 (6%) lower than Babbitt. Rent there is significantly less expensive. Soudan's median rent is $475 a month, which works out to $181 (38%) lower than Babbitt.
Biwabik
Biwabik is about 15 miles west of Babbitt. Its real estate prices are a little less expensive. The median home in Biwabik costs $69,100, which works out to $6,200 (8%) lower than Babbitt. Rents there are a little less expensive. The median monthly rent in Biwabik is $616, which comes out to $40 (6%) lower than Babbitt.
Ely
Ely is approximately 16 miles north of Babbitt. The real estate prices there are a bit more expensive. Ely's median home cost is $101,900, which works out to $26,600 (26%) higher than Babbitt. The rent there is substantially less expensive. In Ely the median rent is $494 a month, which works out to $162 (32%) lower than Babbitt.
