Taconite, MN 55709 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Taconite, MN—55709

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$233,000

3.0% YoY Growth

Household Income

$71,200

16.9% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$595

18.4% YoY Growth

1-Bed Rent

$595

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

N/A

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	$233,000	3.0%
Single Family	$233,000	1.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

27.4%

2 Bedrooms

35.7%

3 Bedrooms

33.3%

4 Bedrooms

3.6%

Property Listings — Taconite, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Taconite, MN is 90. This is a decrease of -8.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	-18.0%
Listing Count	19	51.0%
Listings as % of Homes	0.2%	51.0%
Days on Market	90	-8.0%

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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%

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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%

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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%

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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

Taconite, MN—55709

Key Metrics at a Glance

Home Price Trends — Taconite, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Taconite, MN

% of Rental Stock

Property Listings — Taconite, MN

Demographics — Taconite, MN

Race and Ethnicity

Mortgage and Risk — Taconite, MN

Mortgages

Rentals and Section 8 — Taconite, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Taconite, MN

Home Price to Income Ratio

Taconite, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Taconite

Marble

Coleraine

Calumet

Nashwauk, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$233,000
Median Household Income	$71,200

Taconite, MN—55709

Key Metrics at a Glance

Home Price Trends — Taconite, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Taconite, MN

% of Rental Stock

Property Listings — Taconite, MN

Demographics — Taconite, MN

Race and Ethnicity

Mortgage and Risk — Taconite, MN

Mortgages

Rentals and Section 8 — Taconite, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Taconite, MN

Home Price to Income Ratio

Taconite, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Taconite

Marble

Coleraine

Calumet

Nashwauk, MN

Frequently Asked Questions

What is the average home price in Taconite, MN 55709?

How have home prices in Taconite, MN 55709 changed over the past year?

What is the home price projection for Taconite, MN 55709?

What are the demographics of Taconite, MN 55709?

How long does it take homes to sell in Taconite, MN 55709?

What is the average rent price in Taconite, MN 55709?