Duluth, MN is a great place to buy a house with its housing median value being $177,300. This is much lower than the US median value of $338,100 and for those looking to invest in a house it can be a great deal. In the last year, Duluth's housing appreciation has been 10.54%, significantly higher than the US average of 8.27%. With such high appreciation rates and low median values this makes Duluth an ideal location for those looking to get into the housing market or make an investment in real estate.
The median home cost in Duluth (zip 55807) is $177,300. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Duluth (zip 55807) is up 14.7%.
Average Age of Homes
- The median age of Duluth (zip 55807) real estate is 78 years old
The Rental Market in Duluth (zip 55807)
- Renters make up 33.2% of the Duluth (zip 55807) population
- 1.5% of houses and apartments in Duluth (zip 55807), 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.