Cloquet, MN housing market
The typical Cloquet home is worth about $266,000, up 3.3% in a year, 24% below the Minnesota typical home.
Home values, sales, trends and how Cloquet compares with the towns next door — updated as new data is published.
Cloquet at a glance
Typical home value, 2016–2026
Show as a table
| January | Cloquet | Minnesota |
|---|---|---|
| 2017 | $154,000 | $217,000 |
| 2018 | $162,000 | $232,000 |
| 2019 | $169,000 | $246,000 |
| 2020 | $182,000 | $259,000 |
| 2021 | $200,000 | $282,000 |
| 2022 | $224,000 | $313,000 |
| 2023 | $236,000 | $325,000 |
| 2024 | $247,000 | $331,000 |
| 2025 | $255,000 | $341,000 |
| 2026 | $264,000 | $349,000 |
| August 2026 | $266,000 | $351,000 |
14 new homes permitted in 2025
Builders were permitted 14 new homes in Cloquet in 2025: 10 single-family houses and 4 in buildings with two or more homes, worth about $2.8 million to build. That's 1.1 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Cloquet has permitted 209 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cloquet gained 444 residents while 213 new homes were permitted: about 2.1 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 4 | 2 | $1 million |
| 2025 | 14 | 10 | 4 | $2.8 million |
| 2024 | 11 | 11 | 0 | $1.7 million |
| 2023 | 4 | 2 | 2 | $868,000 |
| 2022 | 4 | 2 | 2 | $684,000 |
| 2021 | 14 | 14 | 0 | $4.9 million |
| 2020 | 23 | 15 | 8 | $3.9 million |
| 2019 | 77 | 6 | 71 | $10.9 million |
| 2018 | 44 | 5 | 39 | $6.9 million |
| 2017 | 15 | 15 | 0 | $2 million |
| 2016 | 3 | 3 | 0 | $1 million |
| 2015 | 8 | 8 | 0 | $1.1 million |
| 2014 | 8 | 8 | 0 | $2.3 million |
| 2013 | 37 | 15 | 22 | $4.7 million |
| 2012 | 7 | 7 | 0 | $1.5 million |
| 2011 | 9 | 3 | 6 | $1.5 million |
| 2010 | 5 | 5 | 0 | $685,000 |
| 2009 | 26 | 8 | 18 | $2.6 million |
| 2008 | 47 | 11 | 36 | $4.6 million |
| 2007 | 42 | 10 | 32 | $3.6 million |
| 2006 | 42 | 25 | 17 | $6.4 million |
| 2005 | 105 | 61 | 44 | $12.3 million |
| 2004 | 38 | 30 | 8 | $6.3 million |
| 2003 | 35 | 29 | 6 | $5.4 million |
| 2002 | 50 | 39 | 11 | $6.1 million |
| 2001 | 26 | 24 | 2 | $2.9 million |
| 2000 | 98 | 22 | 76 | $6.8 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cloquet and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cloquet | $266K | +3.3% | $1,260 | 14 | $61,367 |
| Thomson | — | +15.8%† | $1,680 | 55 | $119,338 |
| Twin Lakes | — | +19.4%† | $1,090 | — | $105,272 |
| Perch Lake | — | +10.9%† | $1,260 | — | $90,000 |
| Brevator | — | +11.6%† | $1,410 | — | $85,313 |
| Scanlon | $285K | +1.8% | $1,260 | 2 | $68,750 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Cloquet home costs about 4.3 years of the town's median household income, more than across Minnesota (3.9 years).
How Cloquet ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,260
HUD's Fair Market Rent for a two-bedroom in Cloquet is $1,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cloquet pay a median of $1,024, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $870 · 4 bedrooms $2,110
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55720; Duluth, MN-WI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.