Foreclosure Homes in Duluth, MN 55808

Current Market Conditions in Duluth, MN

Duluth's real estate market has been experiencing a notable resurgence, driven by an increase in demand for both single-family homes and rental properties. As remote work becomes more common, many buyers are seeking homes in less urbanized settings like Duluth, which offers a blend of affordability and accessibility to nature.

Over the last few months, the market has seen a decrease in inventory, placing upward pressure on home prices. Many buyers are competing for the limited number of listings available, which has led to faster sales and higher sale prices than in previous years.

Rent Prices In Duluth, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Duluth, MN, is on a rollercoaster ride. The average rent price in Duluth, MN, is $1,535.00. Indeed, when looking to rent in Duluth, MN, you can expect to pay as little as $560.00 or as much as $3,620.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Duluth, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.