Nett Lake: Housing & Real Estate
Nett Lake's median home value is $80,000, with median rent $832 (1.2× below St. Louis County median $1,013; 1.5× below Minnesota median $1,280). Homeownership rate: 40.0%. That's 2.8× below the St. Louis County median ($221,400); 4.1× below the Minnesota median ($329,300). Market is warm. Vacancy rate 31.4%. New construction makes up 9.8% of stock. A municipal building code is in effect.
- 2.1× annual income — home value vs. household income (vs Minnesota 3.9×).
- 8.0 years to break even renting at the median (vs Minnesota 20y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 14% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $80,000 — 0.2× the Minnesota median ($337,000). Median rent $832/month. homeownership rate 40.0% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 2.1× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 26.1% |
| Affordability · Rent Affordability | moderate |
| Affordability · Pct Severely Rent Burdened | 8.1% |
| Affordability · Poverty Rate | 21.6% |
| Fair Market Rent · Studio rent | $671 (vs Minnesota $1,242) |
| Fair Market Rent · One-bedroom rent | $742 (vs Minnesota $1,405) |
| Fair Market Rent · Two-bedroom rent | $973 (vs Minnesota $1,709) |
| Fair Market Rent · Three-bedroom rent | $1,243 (vs Minnesota $2,262) |
| Fair Market Rent · Four-bedroom rent | $1,415 (vs Minnesota $2,531) |
| Fair Market Rent · HUD FMR area | Koochiching County, MN |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $80,000 (vs Minnesota $337,000) |
| Median Rent | $832 (vs Minnesota $1,371) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 31.4% |
| Housing Market · New construction (% of stock) | 9.8% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Minnesota median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Minnesota median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Minnesota median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 100.0% (vs Minnesota 62.2%) |
| Broadband · Broadband-capable premises | 206 |
| Electricity · Electricity rate (¢/kWh) | 15.45¢/kWh |
| Electricity · Customers | 2581180 |
| Electricity · Revenue Millions | $3,409 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Minnesota median) |
| Mobile Broadband · 5G mobile coverage | 0.945945946 (vs Minnesota 100.0%) |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 40.0% (vs Minnesota 69.7%) |
|---|---|
| Median Year Built | 1993 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12