Housing Report for Duluth
The residential real estate values in Duluth, Minnesota have seen large increases from the housing values in 2000. The residential values have increased by $48,300, or 65.2 percent, since 2000 when their medians were reported to be $74,100.
Duluth recorded a median home value in 2005 of $122,400, according to the American Community Survey. This median is less than the State of Minnesota 2005 median owner-occupied dwelling value of $198,800 and less than median home value of $167,500 for the rest of the nation in that year.
Throughout the State of Minnesota, Duluth stands 4 of the 4 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 271 of 361, comparing the percentage change in residential real estate in other US MSAs.
In Duluth, the census reported 135,213 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding in all 4,101 homes since 2001, or 3.1 percent.
There is a large amount of real estate that is affordable in Duluth, Minnesota. In 2005, 51.5 percent of owner-occupied dwellings were valued under $125k.
Duluth has a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 1.8 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
Duluth recorded a median home value in 2005 of $122,400, according to the American Community Survey. This median is less than the State of Minnesota 2005 median owner-occupied dwelling value of $198,800 and less than median home value of $167,500 for the rest of the nation in that year.
Throughout the State of Minnesota, Duluth stands 4 of the 4 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 271 of 361, comparing the percentage change in residential real estate in other US MSAs.
In Duluth, the census reported 135,213 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding in all 4,101 homes since 2001, or 3.1 percent.
There is a large amount of real estate that is affordable in Duluth, Minnesota. In 2005, 51.5 percent of owner-occupied dwellings were valued under $125k.
Duluth has a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 1.8 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
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