Biwabik—55708
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Biwabik
As of Oct '25, the median home price in Biwabik is $127,000, with a year-over-year change of 0.8%. This indicates that home prices in Biwabik are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | 0.8% |
| Single Family | $125,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 0.8% |
3 Bed | $132,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Biwabik
Biwabik lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Biwabik
As of Oct '25, Realtor.com reports that the median days on market for a home in Biwabik is 20. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | -5.0% |
Listing Count | 3 | -52.0% |
| Listings as % of Homes | 1.4% | -52.0% |
Days on Market | 20 | 42.0% |
Demographics — Biwabik
As of the latest ACS Survey released in 2023, Biwabik has a population of 850, which has increased by 22.1% over the past 5 years. Biwabik is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 850 | 22.1% |
% Under 18 | 22.0% | 35.8% |
% Seniors | 19.4% | -4.9% |
% WFH | 14.1% | 127.4% |
% w/ College Degree | 32.2% | 180.0% |
As of the latest ACS Survey released in 2023, Biwabik is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Biwabik is hispanic, making up 0.2% of the population. Foreign-born residents account for 0.1% of the population in Biwabik, and this percentage has decreased by 94.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.1% | 1.9% |
% Black | 0.0% | N/A |
% Hispanic | 0.2% | -85.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | -94.7% |
Mortgage and Risk — Biwabik
According to HUD data as of 2023, there were 26 mortgage originations in Biwabik, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Biwabik. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Biwabik
Biwabik lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Biwabik
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $127,000 |
| Median Household Income | $68,900 |