Duluth, MN—55808
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Duluth, MN
As of Oct '25, the median home price in Duluth, MN is $213,000, with a year-over-year change of 3.6%. This indicates that home prices in Duluth, MN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 3.6% |
| Single Family | $214,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 4.4% |
3 Bed | $246,000 | 3.8% |
4 Bed | $271,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Duluth, MN
As of July '25, Rentcast reports the average rent in Duluth, MN is $1,430, with a year-over-year rent change of 28.8%. Per bedroom, the median rent as of July '25 in Duluth, MN is 1-bedrooms: $1,120, 2-bedrooms: $1,650, 3-bedrooms: $1,480. The most common rental property sizes in Duluth, MN are 2-bedroom and 1-bedroom, accounting for 47.1% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,120 |
| 2 Bed Rent | $1,300 | $1,650 |
| 3 Bed Rent | $1,480 | $1,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Duluth, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Duluth, MN is 34. This is a increase of 59.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 13.0% |
Listing Count | 19 | -3.0% |
| Listings as % of Homes | 0.1% | -3.0% |
Days on Market | 34 | 59.0% |
Demographics — Duluth, MN
As of the latest ACS Survey released in 2023, Duluth, MN has a population of 5,320, which has decreased by -11.8% over the past 5 years. Duluth, MN is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | -11.8% |
% Under 18 | 17.6% | -30.4% |
% Seniors | 16.8% | 9.1% |
% WFH | 6.7% | 4.7% |
% w/ College Degree | 20.9% | 7.2% |
As of the latest ACS Survey released in 2023, Duluth, MN is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Duluth, MN is hispanic, making up 1.0% of the population. Foreign-born residents account for 1.1% of the population in Duluth, MN, and this percentage has decreased by 42.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.6% | -0.3% |
% Black | 0.9% | -30.8% |
% Hispanic | 1.0% | -66.7% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 1.1% | -42.1% |
Mortgage and Risk — Duluth, MN
According to HUD data as of 2023, there were 111 mortgage originations in Duluth, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Duluth, MN. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Duluth, MN
Duluth, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 223 |
Total Units Section 8 | 223 |
% Rentals under Section 8 | 34.5% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,050 | $890 |
| 2 Bedroom | -$170 | $1,300 | $1,130 |
| 3 Bedroom | $40 | $1,480 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Duluth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $213,000 |
| Median Household Income | $59,800 |