Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,603, 5,170 total housing units (homes and apartments), and a median house value of $275,551, Cloquet real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Cloquet, accounting for 73.41% of the city's housing units. Other types of housing that are prevalent in Cloquet include large apartment complexes or high rise apartments ( 14.65%), duplexes, homes converted to apartments or other small apartment buildings ( 4.91%), and a few mobile homes or trailers ( 4.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cloquet. Owner-occupied housing accounts for 65.18% of Cloquet's homes, and 53.87% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cloquet built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cloquet built between 1940-1969 ( 29.31%). A lesser amount of the housing stock also hails from before 1939 ( 27.05%). There's also some housing in Cloquet built between 2000 and later ( 11.46%).
Real estate appreciation rates in Cloquet's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Appreciation rates are so strong in Cloquet that despite a nationwide downturn in the housing market, Cloquet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cloquet appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 84.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cloquet. Cloquet appreciation rates in the latest quarter were at -0.44%, which equates to an annual appreciation rate of -1.73%.
Relative to Minnesota, our data show that Cloquet's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.
$275,551
for Minnesota
for nation
5,170
$1,657 / per month