Duluth, Minnesota Housing Market Prices
Duluth Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 13% below the Minnesota median$206,656
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Median rent 15% below the Minnesota median$1,094
Housing Market Overview
| Metric | Duluth | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $206,656 | $236,718 | $248,835 |
| Price Trend (Annual %) | 6.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,094 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Duluth is about 13% lower than in Minnesota. Rent is about 15% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Duluth, up about 6.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Duluth rose about 50.2% between 2015 and 2024, from $728 to $1,094. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Duluth.
Buying the median-priced home in Duluth costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Duluth. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Duluth | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $206,656 | $236,718 | $248,835 |
| Median Household Income | $68,249 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Duluth rose about 50.7%, while median household income rose about 64.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Duluth | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 65.5% | 58.5% |
| Rental Rate | 37.4% | 25.2% | 31.2% |
| Vacancy Rate | 6.0% | 9.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Duluth has a homeownership rate of 56.5%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 6.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Duluth | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1951 | 1976 | 1978 |
| Median Number of Rooms | 5.5 | 6.1 | 5.5 |
The typical housing unit in Duluth was built around 1951. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Duluth, Minnesota.
What is the median home price in Duluth, Minnesota?
The median home price in Duluth, Minnesota is $206,656, lower than the Minnesota average of $236,718.
What is the average home price in Duluth, Minnesota?
The typical home price in Duluth, Minnesota, reported as the median sale price, is $206,656. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Duluth, Minnesota?
The median gross rent in Duluth, Minnesota is $1,094 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Duluth in 2020?
In 2020, the median gross rent in Duluth, Minnesota was $855 per month.
What is the price-to-rent ratio in Duluth, Minnesota?
The price-to-rent ratio in Duluth, Minnesota is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Duluth.
Are home prices or rent rising faster in Duluth, Minnesota?
Both home prices and rent are rising in Duluth, up about 6.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Duluth, Minnesota?
56.5% of households in Duluth, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Duluth, Minnesota?
The housing vacancy rate in Duluth, Minnesota is 6.0%, lower than the Minnesota average of 9.3%.
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