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Duluth, MN—55805

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$213,000
6.5% YoY Growth
Household Income
$43,100
44.5% YoY Growth
Days on Market
34
26.0% Shorter YoY
Home Price Forecast
2.5%
Median Rent
$1,250
0.8% YoY Growth
1-Bed Rent
$1,050
20.0% YoY Growth
2-Bed Rent
$1,280
10.1% YoY Growth
3-Bed Rent
$1,650
4.7% YoY Growth

Other Zip Codes in Duluth, MN

55808558025580455806558075581155812
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Duluth, MN

As of Dec '25, the median home price in Duluth, MN is $213,000, with a year-over-year change of 6.5%. This indicates that home prices in Duluth, MN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$213,0006.5%
Single Family $210,0007.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$203,0005.7%
    3 Bed
    		$211,0006.6%
    4 Bed
    		$242,0007.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.4%
    1 Bedroom
    25.3%
    2 Bedrooms
    29.6%
    3 Bedrooms
    27.2%
    4 Bedrooms
    9.8%
    5+ Bedrooms
    1.7%

    Rental Trends — Duluth, MN

    As of July '25, Rentcast reports the average rent in Duluth, MN is $1,270, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Duluth, MN is studios: $900, 1-bedrooms: $1,030, 2-bedrooms: $1,310, 3-bedrooms: $1,560, 4-bedrooms: $1,790. The most common rental property sizes in Duluth, MN are 1-bedroom and 2-bedroom, accounting for 32.1% and 31.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,270
    Studio Rent $800$900
    1 Bed Rent $1,050$1,030
    2 Bed Rent $1,280$1,310
    3 Bed Rent $1,650$1,560
    4 Bed Rent $1,900$1,790
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    % of Rental Stock

    Studio
    7.5%
    1 Bedroom
    32.1%
    2 Bedrooms
    31.2%
    3 Bedrooms
    18.4%
    4 Bedrooms
    10.4%
    5+ Bedrooms
    0.4%

    Property Listings — Duluth, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Duluth, MN is 22. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$230,00022.0%
    Listing Count
    		11-35.0%
    Listings as % of Homes0.1%-35.0%
    Days on Market
    		34-26.0%
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    Demographics — Duluth, MN

    As of the latest ACS Survey released in 2023, Duluth, MN has a population of 10,300, which has increased by 7.5% over the past 5 years. Duluth, MN is a moderately popular place for families, as children make up 16.6% of the population. The area has a moderately educated workforce, with 36.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,3007.5%
    % Under 18
    		16.6%23.9%
    % Seniors
    		10.0%8.7%
    % WFH
    		12.3%261.8%
    % w/ College Degree
    		36.5%6.7%
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    As of the latest ACS Survey released in 2023, Duluth, MN is a predominantly white area, with 84.1% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Duluth, MN is hispanic, making up 3.9% of the population. Foreign-born residents account for 1.9% of the population in Duluth, MN, and this percentage has decreased by 63.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.1%3.6%
    % Black
    		3.1%-34.0%
    % Hispanic
    		3.9%85.7%
    % Asian
    		2.3%-30.3%
    % Foreign Born
    		1.9%-63.5%
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    Mortgage and Risk — Duluth, MN

    According to HUD data as of 2023, there were 104 mortgage originations in Duluth, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Duluth, MN. Investor activity is low, as 15.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		104
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		15.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Duluth, MN

    As of 2024, the percent of homes in Duluth, MN under the Section 8 program is 23.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Duluth, MN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		882
    Total Units Section 8
    		821
    % Rentals under Section 8
    		23.8%
    % Occupied Section 8
    		80.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$160$1,050$890
    2 Bedroom-$150$1,280$1,130
    3 Bedroom-$130$1,650$1,520
    4 Bedroom$0$1,900$1,900

    Affordability — Duluth, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$213,000
    Median Household Income$43,100

    Duluth, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Duluth, MN

    55812

    Duluth, MN

    55806

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    55802

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    Birchwood Mobile Estates

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    Frequently Asked Questions