Cloquet, MN 55720 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cloquet, MN—55720

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

2.3% YoY Growth

Household Income

$66,400

19.9% YoY Growth

Days on Market

40.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$1,750

43.9% YoY Growth

1-Bed Rent

$960

38.1% YoY Growth

2-Bed Rent

$1,480

50.1% YoY Growth

3-Bed Rent

$1,750

6.6% YoY Growth

Home Price Trends — Cloquet, MN

As of Nov '25, the median home price in Cloquet, MN is $264,000, with a year-over-year change of 2.3%. This indicates that home prices in Cloquet, MN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$264,000	2.3%
Single Family	$264,000	3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cloquet, MN

As of July '25, Rentcast reports the average rent in Cloquet, MN is $1,900, with a year-over-year rent change of 43.9%. Per bedroom, the median rent as of July '25 in Cloquet, MN is 1-bedrooms: $960, 2-bedrooms: $1,480, 3-bedrooms: $1,850, 4-bedrooms: $3,350. The most common rental property sizes in Cloquet, MN are 2-bedroom and 1-bedroom, accounting for 44.9% and 19.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,750	$1,900
Studio Rent	N/A	N/A
1 Bed Rent	$960	$960
2 Bed Rent	$1,480	$1,480
3 Bed Rent	$1,750	$1,850
4 Bed Rent	$3,350	$3,350

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% of Rental Stock

Studio

6.4%

1 Bedroom

19.5%

2 Bedrooms

44.9%

3 Bedrooms

17.8%

4 Bedrooms

10.5%

5+ Bedrooms

0.9%

Property Listings — Cloquet, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Cloquet, MN is 35. This is a decrease of -40.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	-9.0%
Listing Count	43	-23.0%
Listings as % of Homes	0.2%	-23.0%
Days on Market	35	-40.0%

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Demographics — Cloquet, MN

As of the latest ACS Survey released in 2023, Cloquet, MN has a population of 17,500, which has increased by 3.1% over the past 5 years. Cloquet, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,500	3.1%
% Under 18	24.6%	-2.0%
% Seniors	16.6%	9.9%
% WFH	7.2%	94.6%
% w/ College Degree	24.9%	13.7%

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As of the latest ACS Survey released in 2023, Cloquet, MN is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Cloquet, MN is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.9% of the population in Cloquet, MN, and this percentage has decreased by 35.7% 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	82.6%	1.3%
% Black	0.7%	-41.7%
% Hispanic	2.3%	4.5%
% Asian	0.5%	-28.6%
% Foreign Born	0.9%	-35.7%

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Mortgage and Risk — Cloquet, MN

According to HUD data as of 2023, there were 293 mortgage originations in Cloquet, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Cloquet, MN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	293
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Cloquet, MN

As of 2024, the percent of homes in Cloquet, MN under the Section 8 program is 12.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cloquet, MN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	330
Total Units Section 8	256
% Rentals under Section 8	12.4%
% Occupied Section 8	78.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$960	$950
2 Bedroom	-$270	$1,480	$1,210
3 Bedroom	-$120	$1,750	$1,630
4 Bedroom	-$1,320	$3,350	$2,030

Cloquet, MN—55720

Key Metrics at a Glance

Home Price Trends — Cloquet, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cloquet, MN

% of Rental Stock

Property Listings — Cloquet, MN

Demographics — Cloquet, MN

Race and Ethnicity

Mortgage and Risk — Cloquet, MN

Mortgages

Rentals and Section 8 — Cloquet, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Cloquet, MN

Home Price to Income Ratio

Cloquet, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Carlton, MN

Sawyer, MN

Brookston, MN

Saginaw, MN

Esko, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$264,000
Median Household Income	$66,400

Cloquet, MN—55720

Key Metrics at a Glance

Home Price Trends — Cloquet, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cloquet, MN

% of Rental Stock

Property Listings — Cloquet, MN

Demographics — Cloquet, MN

Race and Ethnicity

Mortgage and Risk — Cloquet, MN

Mortgages

Rentals and Section 8 — Cloquet, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Cloquet, MN

Home Price to Income Ratio

Cloquet, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Carlton, MN

Sawyer, MN

Brookston, MN

Saginaw, MN

Esko, MN

Frequently Asked Questions

What is the average home price in Cloquet, MN 55720?

How have home prices in Cloquet, MN 55720 changed over the past year?

What is the home price projection for Cloquet, MN 55720?

What are the demographics of Cloquet, MN 55720?

How long does it take homes to sell in Cloquet, MN 55720?

What is the average rent price in Cloquet, MN 55720?