US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 55732
  5. Housing & Real Estate
Babbitt city, MN

ZIP 55732 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55732

Median Home Value
$173,600
Median Rent
N/A
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,115/mo PITI).

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

To comfortably buy a median-priced home in ZIP 55732 in Babbitt city, MN, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,115. That sits below the local median household income ($62,604), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
97.1%+48% vs US avg
x
Vacancy Rate
27.9%+171% vs US avg
x
Broadband Access
81.5%-6% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
45.7%+20% vs US avg
x
$173,600
Home Value
N/A
Rent
1970
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached88.6%
  • 1-unit attached0.1%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other11.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$173,600
Median rent$-666,666,666
Owner-occupied97.1%
Vacant27.9%
Price-to-income2.8x
Est. income to buy$48,000