Market Overview
Home Prices in Duluth, MN
The median home value in Duluth, MN is $303,635 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Duluth are priced26% below average. Duluth is part of the Duluth, MN-WI metro area.
Over the past five years, Duluth home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Duluth Home Price Trend
City Comparison
Duluth vs. National Median
At $303,635, homes in Duluth cost 26% below the national median of $410,000. This makes Duluth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Duluth?
20% Down Payment
$60,727
on $303,635
Monthly P&I
$1,584/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,012/mo
incl. taxes & insurance
Income Needed
$80,480
gross annual (30% rule)
10% Down Option
$30,364
+ PMI applies
Loan Amount (20% dn)
$242,908
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Duluth, MN?
The median home value in Duluth is $303,635 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Duluth?
Over the past year, home values in Duluth have increased by 6.2%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Duluth?
To comfortably afford the median home price of $303,635 with a 20% down payment ($60,727) at today's rates (6.8%), you'd need a gross annual income of approximately $80,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Duluth compare to the national average home price?
The national median home value is approximately $410,000. At $303,635, homes in Duluth are 26% below the national average.
What metro area is Duluth part of?
Duluth is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.