Home Values

Hoyt Lakes Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Hoyt Lakes is $56,000.

Foreclosures will be a factor impacting home values in the next several years. In Hoyt Lakes 15.0 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Hoyt Lakes is 1.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Hoyt Lakes homeowners underwater on their mortgage is 26.5%.

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Relative ZHVI
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Hoyt Lakes Market Overview

  • No data
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Hoyt Lakes Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 26.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

15 homes(Apr 30, 2015) Hoyt Lakes
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Ely $128,100
Tower $126,200
Makinen $85,000
Name Median ZHVI
Embarrass $77,800
Eveleth $70,600
Aurora $63,800
Name Median ZHVI
Babbitt $61,500
Gilbert $56,800
Biwabik $50,800

Listings & Sales

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Hoyt Lakes Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $858 Hoyt Lakes
    $1,065 Duluth Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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