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 Units by Size|
|Five Bedrooms or more||1.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.33|
|Median year structure was built||1957|
|Median Value of occupied units||$44,200|
|Median Price asked for vacant units||$38,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.82|
|Median year structure was built||1958|
|Median Monthly Rent asked for vacant units||$225|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||10.8%|