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Cheap Homes in Hibbing, MN

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Hibbing, MN Foreclosures

Current Market Conditions in in Hibbing, MN As of February 2026?
Over the past month, Hibbing has seen a slight increase in housing inventory, giving buyers more options but maintaining competitive market conditions. Home prices have remained stable, with a small uptick in sales as local employment rates improve, attracting new residents.
How much do homes sell for in Hibbing, MN?
The average home price is currently $194,099.
In Hibbing, MN, how many homes are available?
There are currently 2 active home listings available in Hibbing.
What’s the average rental cost in Hibbing, MN?
The average rental price in Hibbing is $1,061.
What is the most expensive home in Hibbing?
The most expensive home sold in Hibbing had a price of $17,977,468.
What is currently the cheapest priced home in Hibbing, MN?
The cheapest home for sale in Hibbing is priced at $10,074.

Living in Hibbing, MN

Hibbing, located in northeastern Minnesota, is a vibrant city with a rich mining history and a strong connection to the arts. It offers a mix of outdoor adventures and cultural experiences, making it an attractive place for families and retirees alike. With its friendly community and numerous amenities, Hibbing is a great place to call home.

Buyer vs Seller Market in Hibbing, MN

The real estate market in Hibbing remains steady, with homes generally selling relatively quickly due to its appealing lifestyle and affordability compared to larger urban areas. Recent trends show an increase in home renovations and younger families moving in to take advantage of the area's charm and natural resources.

Home Value Estimator For Hibbing, MN

There are currently 7,630 real estate properties in Hibbing, MN, with a median automated valuation model (AVM) price of $157,487.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hibbing, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hibbing, MN, is $194,099.00, with the most expensive house in Hibbing, MN, topping out at $17,977,468.00 and the cheapest home in Hibbing, MN, clocking in at $10,074.00. In other words, there’s something for every potential homebuyer or savvy investor in Hibbing, MN!

Rent Prices In Hibbing, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hibbing, MN, is on a rollercoaster ride. The average rent price in Hibbing, MN, is $1,061.00. Indeed, when looking to rent in Hibbing, MN, you can expect to pay as little as $440.00 or as much as $2,420.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Hibbing, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Hibbing, MN

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