Eveleth, Minnesota.
Typical home $178,139 (+5.8% in a year). Duluth, MN-WI metro.
to buy the typical home at today's mortgage rate — +$485 (+108%) since Jan 2020.
- 1 year
- Up $9,839 +6%
- $168,300$178,139 since Sep 2025
- 5 years
- Up $32,868 +23%
- $145,271$178,139 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Eveleth$935
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Eveleth, MN rose 5.8% over the past year — faster than the nation's +1.2%.
Living in Eveleth, St. Louis County, Minnesota
Eveleth is a city of 3,493 people in St. Louis County. Half its households earn more than $50,725 a year and half less, against $70,069 across St. Louis County; 15% of its people live below the poverty line. 67% of its homes are lived in by their owners and 33% are rented. Unemployment in St. Louis County was 5.4% in August 2026, and the county had 0.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Eveleth is a small city on Minnesota's Iron Range, with a median age close to that of the country as a whole. Household incomes run well below those across St. Louis County, and more people here live below the poverty line than most would expect of a place this size. Most homes are lived in by their owners, and a typical home costs far less than in many parts of the country. Winters are long and cold, with January the coldest month and snow a regular part of the season, while July brings warm days that are still mild by the standards of much of the country.
Work. Many residents work in schools, hospitals and social care, with shops, transport and warehouses, and restaurants and hotels also employing a good number. Laurentian Elementary, Allete and Waterview Woods are among the largest workplaces in Eveleth. Fewer adults here hold a four-year degree than is typical nationwide, almost nobody works from home, and the usual trip to work is a short one. Across St. Louis County, jobs slipped a little last year and unemployment has edged up since a year earlier.
Things to do. Olcott Park, a garden a short drive away, is the nearest green space, and the Iron Range Historical Society museum is also a short drive from town. Lake Ore-be-gone is another short drive, a good place to be near water. For a longer outing, Lake Vermilion is a longer drive away, and its shores are the usual choice for a day by a larger lake.
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- 1,661households
- 20%of adults have a degree
- 15%below the poverty line
- 20 mintypical commute
- 2%work from home
What residents work in
Employed residents by industry, from the Census survey. St. Louis County had 95,078 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 16° and lows near -2°; warmest in July, with highs near 77° and lows near 56°. About 28 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Eveleth Wwtp weather station, 2 miles away (NOAA).
Largest workplaces in Eveleth
- Laurentian ElementaryK-12 education67
- AlleteUtilities- elec power,gen,trans dist52
- Waterview WoodsSkilled nursing facilities52
- Lundgren MotorsAutomobile dealers, new only or new and used30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 201 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Winter weatherVery high
- LightningRelatively high
- Heat wavesRelatively moderate
- HailRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Eveleth’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on St. Louis County and the Duluth, MN-WI metro.
Eveleth home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Eveleth$178,139
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 2 Eveleth listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Eveleth40.51%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Eveleth38
New listings per month
Sellers arriving at the market.
- Eveleth9
Zip codes with a Eveleth address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Eveleth — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.