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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 86,372 people, 36,106 houses or apartments, and a median cost of homes of $236,092, Duluth real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Duluth, accounting for 60.31% of the city's housing units. Other types of housing that are prevalent in Duluth include large apartment complexes or high rise apartments ( 20.67%), duplexes, homes converted to apartments or other small apartment buildings ( 13.51%), and a few row houses and other attached homes ( 2.78%).
People in Duluth primarily live in small (one, two or no bedroom) single-family detached homes. Duluth has a mixture of owner-occupied and renter-occupied housing.
The housing in Duluth was primarily built before 1939 ( 44.01%), making the housing stock in Duluth some of the oldest overall in America, although there is a range of ages of homes in Duluth. The next most important housing age is between 1940-1969 ( 26.55%), followed by between 1970-1999 ( 19.81%). There's also some housing in Duluth built between 2000 and later ( 9.64%).
Real estate appreciation rates in Duluth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.31% during the period.
NeighborhoodScout's data show that during the latest twelve months, Duluth's appreciation rate, at 10.07%, has been at or slightly above the national average. In the latest quarter, Duluth's appreciation rate has been -1.17%, which annualizes to a rate of -4.60%.
Notably, Duluth's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Duluth's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.
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.
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