Hoyt Lakes, MN

Full City Profile · Minnesota · St. Louis County County

3.5 /5.0
B+ Good
2,074 Population 37/sq mi density
$64,514 Median Income $29,087 per capita
$90,700 Home Value $130,146 Zillow
36°F Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$64,514 median income, 15.7% unemployment
A+
Affordability
5.0 / 5.0
$90,700 home value, /mo rent
C
Education
2.5 / 5.0
18.4% bachelor's degree or higher

Housing Overview

Median Home Value
$90,700
68% below
US avg: $281,900
Homeownership Rate
94.4%
44% above US avg (65.4%)
Total Housing Units
948
Median year built: 1956

Home Value by Source

Census Median
$90,700
Zillow (ZHVI)
$130,146
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

94.4%
Owner-Occupied
5.6%
Renter-Occupied
94%
6%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo

Affordability & Housing Stock

Rent Burden
21.0%
of renters spending 30%+ of income on housing
32% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
94.4%

Complete Housing Data

Home Values

Census Median Value$90,700
Zillow Home Value (ZHVI)$130,146

Rent

FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied94.4%
Renter-Occupied5.6%
Homeownership Rate94.4%
Total Housing Units948
Median Year Built1956
Rent Burden21.0%