Duluth, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Duluth, GA Housing Market Trends

With 29,609 people, 11,202 houses or apartments, and a median cost of homes of $352,917, Duluth real estate is some of the most expensive in Georgia, although Duluth home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Duluth, accounting for 48.84% of the city's housing units. Other types of housing that are prevalent in Duluth include large apartment complexes or high rise apartments ( 32.27%), row houses and other attached homes ( 13.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%).

The most prevalent building size and type in Duluth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.01% owning and 44.99% renting.

There is a lot of housing in Duluth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Duluth built between 2000 and later ( 21.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.60%).

Duluth Home Appreciation Rates

In the last 10 years, Duluth has experienced some of the highest home appreciation rates of any community in the nation. Duluth real estate appreciated 96.21% over the last ten years, which is an average annual home appreciation rate of 6.97%, putting Duluth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Duluth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Duluth's appreciation rate, at 8.46%, has been at or slightly above the national average. In the latest quarter, Duluth's appreciation rate has been 3.22%, which annualizes to a rate of 13.50%.

Relative to Georgia, our data show that Duluth's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Duluth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Duluth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Duluth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$352,917

Duluth, GA HOME PRICES

> $1,306,000
1.7%
1.7%
$980,001 - $1,306,000
2.4%
2.4%
$653,001 - $980,000
5.1%
5.1%
$522,001 - $653,000
7.6%
7.6%
$392,001 - $522,000
14.6%
14.6%
$261,001 - $392,000
32.5%
32.5%
$131,001 - $261,000
31.2%
31.2%
$66,001 - $131,000
3.2%
3.2%
$0 - $66,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
11,202

Duluth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
77.69% 2.71%
8
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,030 / per month

Homeownership Rate

Owners
55.0%
55.0%
Renters
45.0%
45.0%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.9%
21.9%
1970 - 1999
74.4%
74.4%
1940 - 1969
3.6%
3.6%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.8%
48.8%
Townhomes
13.4%
13.4%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
32.3%
32.3%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
9.6%
9.6%
2 Bedrooms
31.0%
31.0%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
20.7%
20.7%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES