The housing market in 55808 Duluth, MN is thriving. The median value of homes in this area is $185,600, which is quite a bit lower than the US median house value of $338,100. However, the one-year house appreciation rate for this zip code is 10.54%, which is higher than the national one-year house appreciation rate of 8.27%. This demonstrates that despite the lower median home value relative to other areas of the country, Duluth鈥檚 real estate market is quickly gaining in value and experiencing strong growth.
The median home cost in Duluth (zip 55808) is $185,600. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Duluth (zip 55808) is up 14.7%.
Average Age of Homes
- The median age of Duluth (zip 55808) real estate is 66 years old
The Rental Market in Duluth (zip 55808)
- Renters make up 28.7% of the Duluth (zip 55808) population
- 0.7% of houses and apartments in Duluth (zip 55808), 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.