Nashwauk, Minnesota.
Typical home $129,666 (+3.1% in a year). Grand Rapids, MN metro.
to buy the typical home at today's mortgage rate — +$380 (+127%) since Jan 2020.
- 1 year
- Up $3,866 +3%
- $125,800$129,666 since Sep 2025
- 5 years
- Up $30,928 +31%
- $98,738$129,666 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.
- Nashwauk$681
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Nashwauk, MN rose 3.1% over the past year — faster than the nation's +1.2%.
Living in Nashwauk, Itasca County, Minnesota
Nashwauk is a city of 970 people in Itasca County. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Itasca County was 6.3% in August 2026, and the county had 1.0% fewer jobs in 2025 than the year before. The most people in Itasca County 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 It can be wrong or out of date.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. Nashwauk is a very small city on Minnesota's Iron Range, where nearly everyone lives in a home they own. Homes here cost well below what is typical across the country, and more people live below the poverty line than is usual. Winters are long and cold, with January days that stay well below freezing and nights that drop below zero, while July brings mild, warm days. Precipitation is moderate through the year, and much of it falls as snow.
Work. Many residents work in schools, hospitals and social care, with others in shops, manufacturing and the building trades. Few adults hold a four-year degree, and most people drive a fair way to work, with only a small number working from home. Across Itasca County, the largest workplaces include Grand Itasca Clinic and Hospital, Grand Rapids Public School District and UPM - Blandin Paper, and unemployment in the county is a little higher than a year ago.
Things to do. Hill Annex Mine State Park, a protected area, and George Washington State Forest are both a short drive away, as is the Swan River. Farther out, a longer drive reaches McCarthy Beach State Park and the Minnesota Discovery Center, a museum.
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- 411households
- 10%of adults have a degree
- 14%below the poverty line
- 22 mintypical commute
- 6%work from home
What people in Itasca County work in
Employed residents by industry, from the Census survey. Itasca County had 16,444 jobs in 2025, 1.0% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 17° and lows near -4°; warmest in July, with highs near 77° and lows near 50°. About 25 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Hibbing Chisholm Hibbing Airport weather station, 15 miles away (NOAA).
Largest workplaces in Itasca County
- Grand Itasca Clinic and HospitalGeneral hospital566FTE
- Grand Rapids Public School DistrictSchool district513FTE
- WalmartWarehouse clubs and supercenters317
- UPM - Blandin PaperGroundwood paper, coated, made in paper mills216
- TargetDiscount department stores215
- Itasca CountyCounty supervisors' and executives' offices204
- Progressive CareAssisted living199
- Department of Natural ResourcesConservation and reclamation agencies178
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 66 workplaces with 20 or more staff, 6,941 people in all across the county; Nashwauk has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. 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
- Strong windRelatively high
- LightningRelatively high
- Heat wavesRelatively moderate
- Winter weatherRelatively 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 Nashwauk’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 Itasca County and the Grand Rapids, MN metro.
Nashwauk home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Nashwauk$129,666
- 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.
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Nashwauk6
Zip codes with a Nashwauk address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Nashwauk — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.