Market Overview
Home Prices in Cloquet, MN
The median home value in Cloquet, MN is $269,238 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cloquet are priced34% below average. Cloquet is part of the Duluth, MN-WI metro area.
Over the past five years, Cloquet home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Cloquet Home Price Trend
City Comparison
Cloquet vs. National Median
At $269,238, homes in Cloquet cost 34% below the national median of $410,000. This makes Cloquet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cloquet?
20% Down Payment
$53,848
on $269,238
Monthly P&I
$1,404/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,783/mo
incl. taxes & insurance
Income Needed
$71,320
gross annual (30% rule)
10% Down Option
$26,924
+ PMI applies
Loan Amount (20% dn)
$215,390
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cloquet, MN?
The median home value in Cloquet is $269,238 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Cloquet?
Over the past year, home values in Cloquet have increased by 3.7%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Cloquet?
To comfortably afford the median home price of $269,238 with a 20% down payment ($53,848) at today's rates (6.8%), you'd need a gross annual income of approximately $71,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Cloquet compare to the national average home price?
The national median home value is approximately $410,000. At $269,238, homes in Cloquet are 34% below the national average.
What metro area is Cloquet part of?
Cloquet is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.