Market Overview
Home Prices in Eveleth, MN
The median home value in Eveleth, MN is $174,835 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eveleth are priced57% below average. Eveleth is part of the Duluth, MN-WI metro area.
Over the past five years, Eveleth home values have risen by approximately22.5%, reflecting strong long-term appreciation in this market.
Price History
Eveleth Home Price Trend
City Comparison
Eveleth vs. National Median
At $174,835, homes in Eveleth cost 57% below the national median of $410,000. This makes Eveleth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eveleth?
20% Down Payment
$34,967
on $174,835
Monthly P&I
$912/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,158/mo
incl. taxes & insurance
Income Needed
$46,320
gross annual (30% rule)
10% Down Option
$17,484
+ PMI applies
Loan Amount (20% dn)
$139,868
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 Eveleth, MN?
The median home value in Eveleth is $174,835 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Eveleth?
Over the past year, home values in Eveleth have increased by 8%. Over five years, prices have risen approximately 22.5%.
How much do I need to earn to buy a home in Eveleth?
To comfortably afford the median home price of $174,835 with a 20% down payment ($34,967) at today's rates (6.8%), you'd need a gross annual income of approximately $46,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Eveleth compare to the national average home price?
The national median home value is approximately $410,000. At $174,835, homes in Eveleth are 57% below the national average.
What metro area is Eveleth part of?
Eveleth is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.