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Learn about the people, housing, costs and businesses in Babbitt, Minnesota
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FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Babbitt.
True all-in cost — P&I, taxes, insurance & utilities for homes in Babbitt.
Find and compare lenders active near Babbitt.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Babbitt.
Seismic risk and earthquake insurance estimates for Babbitt.
Wildfire exposure and insurance estimates for Babbitt.
As of today, the 30-year fixed mortgage rate for Babbitt is approximately 7.537% (7.595% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for BabbittThe median home value in Babbitt is $102k. The median monthly rent is $737. Annual property taxes average $879. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Babbitt have increased 38.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Babbitt is $56k/year.
Calculate your buying powerThe largest employment sectors in Babbitt are public administration (32%) and wholesale trade (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.