Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$298,854+4.2% YoY · prices are rising fast
Market right nowSeller's marketMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$64,785About 0.9× the local median income ($74,613): affordable for a typical household
Days on market44 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.1%Zillow expects prices to rise strongly
The typical home in Carlton County, MN is worth $298,854, up 4.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $246,373, so the area is 21.3% overvalued. It is a seller's market: homes take about 44 days to sell, listings are up 5% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 4.1% over the next year. A household needs about $64,785 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,613. In the latest IRS figures, 77 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$298,854
Change in 1 year
+4.2%
Overvalued %
+21.3%
Show 7 more
Fair home value
$246,373
Change in 5 years
+26.1%
Zillow forecast, next 12 months
+4.1%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,620
Income needed to afford it
$64,785
Property tax rate
1.17%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,207
Market activity
Listings vs a year ago
+4.9%
Days on market
44
Listings with a price cut
13.6%
Show 3 more
Homes for sale
86
Pending sales per 100 listings
42
Asking price per sq ft
$232
People and jobs
Median household income
$74,613
Population change (1 year)
−0.0%
Unemployment rate
4.8%
Show 4 more
Population
36,711
Income adjusted for cost of living
$84,024
Net moves in (IRS)
+77
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
7.2
FEMA hazard risk score (0 to 100)
70.1
Unhealthy air days a year
12
Show 4 more
Flood risk score
64.0
Wildfire risk score
41.0
Walkability (1 to 20)
5.9
Road, rail and air noise
53 dB
Questions people ask
Is Carlton County, MN overvalued?
Home prices in Carlton County, MN are well above what local incomes have historically supported: fair value is about $246,373, so the area is 21.3% overvalued.
Is Carlton County, MN a buyer's or seller's market?
Carlton County, MN is a seller's market: homes take about 44 days to sell, listings are up 5% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Carlton County, MN?
Home values in Carlton County, MN are up 4.2% over the last year. Zillow's forecast for the next 12 months is +4.1%.
How much do you need to earn to buy a home in Carlton County, MN?
A household needs about $64,785 a year to afford the typical home in Carlton County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,613.