Cloquet, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cloquet Neighborhoods Since 2000




Cloquet, MN Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cloquet Housing Market Information

With 12,075 people, 4,739 houses or apartments, and a median cost of homes of $154,534, 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 76.27% of the city's housing units. Other types of housing that are prevalent in Cloquet include large apartment complexes or high rise apartments ( 11.10%), duplexes, homes converted to apartments or other small apartment buildings ( 7.92%), and a few mobile homes or trailers ( 2.63%).

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 68.82% of Cloquet's homes, and 53.28% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cloquet's housing was primarily built during this period, from the '40s through the '60s. A full 32.89% of the city's housing hails from this era. Other housing ages represented in Cloquet include homes built between 1970-1999 ( 29.89%) and housing constructed before 1939 ( 24.81%). There's also some housing in Cloquet built between 2000 and later ( 12.42%).

Cloquet Home Appreciation Rates

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 -0.46% during the period.

Over the last year, Cloquet appreciation rates have trailed the rest of the nation. In the last twelve months, Cloquet's appreciation rate has been 2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cloquet were at 1.03%, which equates to an annual appreciation rate of 4.17%.

Relative to Minnesota, our data show that Cloquet's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$154,534

Cloquet, MN HOME PRICES

Value Range
> $1,083,000 0.1
$812,001 - $1,083,000 0.2
$542,001 - $812,000 0.3
$433,001 - $542,000 1.6
$325,001 - $433,000 3.8
$216,001 - $325,000 16.1
$108,001 - $216,000 56.6
$54,001 - $108,000 14.8
$0 - $54,000 6.6

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
48.1337161607875 64.9897330595482

Number Of Homes And Apartments:
4,739

Cloquet Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.36% 2.15% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$683 / per month

Homeownership Rate

Homeownership
Owners 68.82
Renters 31.18
Vacant 8.21

Housing Market Details

 

Age of Homes

AGE OF Cloquet HOMES
2000 or Newer 12.4
1970 - 1999 29.9
1940 - 1969 32.9
1939 or Older 24.8

Types of Homes

TYPE OF Cloquet HOMES
Single-Family 76.3
Townhomes 2.1
Small Apt. Buildings 7.9
Apt. Complexes 11.1
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Cloquet HOMES
No Bedroom 1.94
1 Bedroom 15.03
2 Bedrooms 26.90
3 Bedrooms 42.40
4 Bedrooms 10.89
5 or more bedrooms 2.85