Housing · Hoyt Lakes
Hoyt Lakes, MN housing market
The typical Hoyt Lakes home is worth about $130,000, up 4.1% in a year, 63% below the Minnesota typical home.
Home values, sales, trends and how Hoyt Lakes compares with the towns next door — updated as new data is published.
The market right now
Hoyt Lakes at a glance
Typical home value
$130K
▲ 4.1% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
Hoyt LakesMinnesota
Show as a table
| January | Hoyt Lakes | Minnesota |
|---|---|---|
| 2017 | $61,000 | $217,000 |
| 2018 | $67,000 | $232,000 |
| 2019 | $70,000 | $246,000 |
| 2020 | $76,000 | $259,000 |
| 2021 | $86,000 | $282,000 |
| 2022 | $99,000 | $313,000 |
| 2023 | $110,000 | $325,000 |
| 2024 | $117,000 | $331,000 |
| 2025 | $124,000 | $341,000 |
| 2026 | $127,000 | $349,000 |
| August 2026 | $130,000 | $351,000 |
Next door
Hoyt Lakes and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Hoyt Lakes | $130K | +4.1% | — | $65,764 |
| Babbitt | $152K | +6.6% | — | $55,875 |
Affordability
2 years of income
The typical Hoyt Lakes home costs about 2 years of the town's median household income, less than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
95.7%
Minnesota: 72.2%
Median tax bill
$599
Minnesota: $3,357
Median rent
$1,550
Minnesota: $1,280
Typical home built
1956
Minnesota: 1979
U.S. Census Bureau, ACS 2020-2024.
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. Listings link to their publishers.