Market Overview
Home Prices in Hibbing, MN
The median home value in Hibbing, MN is $166,330 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hibbing are priced59% below average. Hibbing is part of the Duluth, MN-WI metro area.
Over the past five years, Hibbing home values have risen by approximately35.4%, reflecting strong long-term appreciation in this market.
Price History
Hibbing Home Price Trend
City Comparison
Hibbing vs. National Median
At $166,330, homes in Hibbing cost 59% below the national median of $410,000. This makes Hibbing a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hibbing?
20% Down Payment
$33,266
on $166,330
Monthly P&I
$867/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,101/mo
incl. taxes & insurance
Income Needed
$44,040
gross annual (30% rule)
10% Down Option
$16,633
+ PMI applies
Loan Amount (20% dn)
$133,064
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 Hibbing, MN?
The median home value in Hibbing is $166,330 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Hibbing?
Over the past year, home values in Hibbing have increased by 7.6%. Over five years, prices have risen approximately 35.4%.
How much do I need to earn to buy a home in Hibbing?
To comfortably afford the median home price of $166,330 with a 20% down payment ($33,266) at today's rates (6.8%), you'd need a gross annual income of approximately $44,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Hibbing compare to the national average home price?
The national median home value is approximately $410,000. At $166,330, homes in Hibbing are 59% below the national average.
What metro area is Hibbing part of?
Hibbing is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.