Home prices
The median home in Hoyt Lakes costs $69,600. In comparison to other places in this area it is approximately $9,540 (12%) lower.It is about $147,900 (68%) lower in comparison to the entire country, and it is roughly $93,700 (57%) lower in comparison to the city of Duluth.
Rents
The median rent in Hoyt Lakes is $615 per month. Compared to nearby areas it is about $14 (2%) lower.Compared to the entire nation it is roughly $447 (42%) lower, and it is approximately $205 (25%) lower compared to the city of Duluth.
Nearby places
Babbitt
Babbitt is Hoyt Lakes's neighbor to the northeast. Real estate prices there are somewhat more expensive. The median home in Babbitt costs $75,300, which comes out to $5,700 (7%) higher than Hoyt Lakes. The rent there is a bit more expensive. In Babbitt the median rent is $656 a month, which works out to $41 (6%) higher than Hoyt Lakes.
Aurora
Aurora is approximately 5 miles west from Hoyt Lakes. The housing prices there are similar. Aurora's median home value is $66,600, which is $3,000 (4%) lower than Hoyt Lakes. Its rents are a little less expensive. Aurora's median monthly rent is $578, which comes out to $37 (6%) lower than Hoyt Lakes.
Biwabik
Biwabik is approximately 8 miles west from Hoyt Lakes. The real estate prices there are fairly similar. The median home in Biwabik costs $69,100, which is very similar to Hoyt Lakes. Rents there are fairly similar. Biwabik's median monthly rent is $616, which is very similar to Hoyt Lakes.
Gilbert
Gilbert is roughly 14 miles west of Hoyt Lakes. The real estate prices there are a bit more expensive. Gilbert's median home price is $92,500, which is $22,900 (24%) higher than Hoyt Lakes. Rent there is somewhat more expensive. In Gilbert the median rent is $671 per month, which comes out to $56 (8%) higher than Hoyt Lakes.
Virginia
Virginia is approximately 15 miles west of Hoyt Lakes. Its housing prices are a little more expensive. Virginia's median home cost is $92,200, which comes out to $22,600 (24%) higher than Hoyt Lakes. Rent there is fairly similar. In Virginia the median rent is $626 per month, which is $11 (1%) higher than Hoyt Lakes.
