Taconite, MN—55709
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Taconite, MN
Taconite, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | 3.7% |
| Single Family | $234,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 0.9% |
3 Bed | $283,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Taconite, MN
As of July '25, Rentcast reports the average rent in Taconite, MN is $898, with a year-over-year rent change of -18.4%. Per bedroom, the median rent as of July '25 in Taconite, MN is 1-bedrooms: $595, 3-bedrooms: $1,200. The most common rental property sizes in Taconite, MN are 2-bedroom and 3-bedroom, accounting for 35.7% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $595 | $898 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $595 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Taconite, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Taconite, MN is 94. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | -19.0% |
Listing Count | 23 | 55.0% |
| Listings as % of Homes | 0.2% | 55.0% |
Days on Market | 94 | -25.0% |
Demographics — Taconite, MN
As of the latest ACS Survey released in 2023, Taconite, MN has a population of 4,310, which has increased by 12.0% over the past 5 years. Taconite, MN is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,310 | 12.0% |
% Under 18 | 20.2% | -0.5% |
% Seniors | 22.7% | 29.7% |
% WFH | 6.5% | 3.2% |
% w/ College Degree | 20.1% | -5.2% |
As of the latest ACS Survey released in 2023, Taconite, MN is a predominantly white area, with 92.2% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Taconite, MN is black, making up 0.7% of the population. Foreign-born residents account for 0.8% of the population in Taconite, MN, and this percentage has decreased by 46.7% 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 | 92.2% | 3.7% |
% Black | 0.7% | -22.2% |
% Hispanic | 0.5% | -88.6% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.8% | -46.7% |
Mortgage and Risk — Taconite, MN
According to HUD data as of 2023, there were 161 mortgage originations in Taconite, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Taconite, MN. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Taconite, MN
Taconite, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $595 | $890 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | $220 | $1,200 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Taconite, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $235,000 |
| Median Household Income | $71,200 |