Babbitt, MN Real Estate

According to census data in the year 2000 there were 801 housing units in Babbitt. This represents a 2% decline from 817 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 801 were located in what is classified as a rural area.

Homeownership rate in Babbitt is about 89.5%. Babbitt's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Babbitt were built after 1957.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom5.60%
Two Bedrooms35.30%
Three Bedrooms50.60%
Four Bedrooms7%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1957
Median Value of occupied units$44,200
Median Price asked for vacant units$38,500

Rented Homes, Apartments and Condos

Average Household Size1.82
Median year structure was built1958
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.30%
Home Equity Loan2.70%
Simple Mortgage31.70%
Debt Free65.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs10.8%