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MN area data

Hoyt Lakes, MN

Hoyt Lakes, MN.

Population: 2,068 (Census ACS)

Home values & appreciation

Median home value
$127,935
1-year appreciation
+4.3%
3-year appreciation
+11.9%
5-year appreciation
+38.7%
10-year appreciation
+109.0%
All-time peak (2026-07)
$127,935
House Price Index
429.3 (+3.3% YoY)

Market activity

1-year forecast
+1.7%
New listings (monthly)
6

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Relatively Moderate
Top hazards
coldWave, lightning, winterWeather, hail, heatWave

Climate (30-year normals)

Average annual temperature
37.0°F
Average high
49.0°F
Average low
25.0°F
Annual precipitation
29.3 in
Annual snowfall
69.2 in

Air quality

Air quality rating
Good
Median AQI (annual)
44
Days with Good air quality
221
Days with Unhealthy air quality
1

Amenities

Nearest airport
Eveleth–Virginia Municipal Airport (EVM) (19 mi)
Nearest major airport
Ely Municipal Airport (LYU) (26 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
+31 tax filers

Housing stock

Median year housing built
1,956
Median annual property tax
$598
Mean commute to work
24 min
Households with broadband internet
75.6%

Employment & development

Total county employment
79,935
Average weekly wage
$1,107
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
283

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents