The housing market in Duluth, MN is robust and shows strong signs of appreciation. The median value for a house in Duluth is currently $243,200 which is significantly less than the US median of $338,100. However, housing in Duluth has seen a 10.54% increase in value over the past year compared to an 8.27% increase at the national level. This indicates that people are investing in Duluth's real estate market as they seek housing with more affordability and potential for growth.
The median home cost in Duluth is $243,200. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Duluth is up 14.7%.
Average Age of Homes
- The median age of Duluth real estate is 68 years old
The Rental Market in Duluth
- Renters make up 37.5% of the Duluth population
- 1.7% of houses and apartments in Duluth, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.