What is the median home price in Eveleth?

The median home price in Eveleth, Eveleth city, Minnesota is $89,200, which is 68% below the national average of 281,900 ($281,900).

Eveleth, Eveleth city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the median household income in Eveleth?

The median household income in Eveleth, Eveleth city, Minnesota is $43,843, which is 41% below the national average of 74,580 ($74,580).

What is the average rent in Eveleth?

The median rent in Eveleth, Eveleth city, Minnesota is $735 per month. The national average median rent is $1,163/month.

What is the population of Eveleth?

The population of Eveleth, Eveleth city, Minnesota is approximately 3,500. The homeownership rate is 65.9% (national average: 65.9%).

What is the unemployment rate in Eveleth?

The unemployment rate in Eveleth, Eveleth city, Minnesota is 2.6%. The national average unemployment rate is 3.7%. The poverty rate is 23.1% (national average: 12.4%).

Eveleth

Eveleth city, Minnesota

Affordable

About Eveleth

Eveleth, Minnesota, a town of about 3,500 residents, offers a unique blend of small-town charm and remarkable affordability, making it an attractive prospect for those seeking a simpler, more budget-friendly lifestyle. Imagine owning a home for a median value of just $89,200 – a stark contrast to the national average. This incredible affordability, combined with a close-knit community, makes Eveleth a haven for first-time homebuyers, retirees, and anyone looking to escape the high costs of urban living. Here, you'll find a slower pace of life, where neighbors know each other and the emphasis is on community and outdoor recreation.

From an investment perspective, Eveleth presents a compelling opportunity. While the median household income of $43,843 is lower than the national figure, the incredibly low cost of living significantly offsets this. The housing market is stable, and the town is known for its safety, making it ideal for families and individuals seeking a secure environment. Eveleth is particularly well-suited for those looking for a quiet, affordable place to call home, with the potential for long-term real estate appreciation in a market that remains significantly undervalued compared to the rest of the country.

Eveleth, Minnesota at a Glance

Eveleth is a city in Eveleth city, Minnesota with a population of approximately 3,500. The median home value is $89,200 and the median household income is $43,843.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $735 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.