Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$263,835+5.2% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$57,194About 0.8× the local median income ($70,208): affordable for a typical household
Days on market60 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.1%Zillow expects prices to rise strongly
The typical home in Duluth, MN-WI is worth $263,835, up 5.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $226,493, so the area is 16.5% overvalued. It is a balanced market: homes take about 60 days to sell, listings are up 16% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 4.1% over the next year. A household needs about $57,194 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,208. Typical rent is $1,329 a month, or $1,927 for a house. In the latest IRS figures, 96 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$263,835
Change in 1 year
+5.2%
Overvalued %
+16.5%
Show 7 more
Fair home value
$226,493
Change in 5 years
+28.2%
Zillow forecast, next 12 months
+4.1%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,430
Income needed to afford it
$57,194
Property tax rate
1.09%
Rent and investing
Typical rent
$1,329
Typical rent for houses
$1,927
Price-to-rent ratio
16.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,207
Gross rental yield
6.04%
Cap rate (estimate)
3.93%
Market activity
Listings vs a year ago
+16.3%
Days on market
60
Listings with a price cut
19.5%
Show 3 more
Homes for sale
912
Pending sales per 100 listings
36
Asking price per sq ft
$205
People and jobs
Median household income
$70,208
Population change (1 year)
−0.0%
Unemployment rate
4.4%
Show 4 more
Population
281,219
Income adjusted for cost of living
$79,063
Net moves in (IRS)
+96
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
84.2
Unhealthy air days a year
12
Show 4 more
Flood risk score
83.4
Wildfire risk score
69.7
Walkability (1 to 20)
8.9
Road, rail and air noise
52 dB
Questions people ask
Is Duluth, MN-WI overvalued?
Home prices in Duluth, MN-WI are well above what local incomes have historically supported: fair value is about $226,493, so the area is 16.5% overvalued.
Is Duluth, MN-WI a buyer's or seller's market?
Duluth, MN-WI is a balanced market: homes take about 60 days to sell, listings are up 16% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Duluth, MN-WI?
Home values in Duluth, MN-WI are up 5.2% over the last year. Zillow's forecast for the next 12 months is +4.1%.
How much do you need to earn to buy a home in Duluth, MN-WI?
A household needs about $57,194 a year to afford the typical home in Duluth, MN-WI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,208.