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Duluth, Minnesota

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 87/100, supply score 79, homes go under contract 18.4% faster than the US median, at 92% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $77K, +1.5% YoY (ZIP); renters hold 34.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +2.4% YoY. inventory, +31.7% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $418,846 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

11 ZIPs in this city:55802 55803 55804 55805 55806 55807 55808 55810 55811 55812 55816

Market Hotness

87 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−18.4%

homes sell faster here

92%

of national median · below avg

Median Listing Price

$419K

Population

118,657

50,128

Median Days on Market

Active Listings

233

New Listings

140

Housing Market

The median listing price is up 2.4% YoY while the median home got up 7.1% bigger, so value per square foot is up 1.6%.

Pricing

Median Listing Price

$419K+2.4% YoY

Average Listing Price

$540K+10.1% YoY

Price per Sq Ft

$223.498+1.6% YoY

Median Sq Ft

1,839+7.1% YoY

Inventory

Active Listings

233+48.4% YoY

New Listings

140+34.6% YoY

Total Listings

399+31.7% YoY

Buyer Competition

Pending Listings

179+18.5% YoY

Pending Ratio

0.77-20.0% YoY

Median Days on Market

44-10.2% YoY

Price Reduced

20.4%+13.1% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 104,263

104Kunits

Occupied87,11583.6%

Vacant17,14816.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 87,115

87Koccupied

Owner62,02071.2%

Renter25,09528.8%

Renter Share

28.8%+2.8% YoY

Total Housing Units

104,263+0.3% YoY

FY2026 Fair Market Rent

CountySt. Louis County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$849

/month

1 BR

$978

/month

2 BR

$1,232

/month

3 BR

$1,689

/month

4 BR

$2,067

/month

FMR trends · St. Louis County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 34.4% of this ZIP's 50,128 occupied households, on a median household income of $77K.

Population & Age

Total Population

118,657+0.3% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 118,657

119Kresidents

Under 1822,03718.6%

Adults 18–6474,75763.0%

65 & Over21,86318.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.76-0.3% YoY

Population Under 18

22,037+1.1% YoY

Population 65 & Over

21,863+4.9% YoY

Households & Mobility

Total Households

50,128+1.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.25-0.6% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.6%

Moved (within US)16.3%

Other0.2%

Veterans

6.2%+0.4% YoY

Income & Poverty

Median Household Income

$77K+1.5% YoY

Per-Capita Income

$44K+4.6% YoY

Mean Household Income

$103K+3.9% YoY

Below Poverty Level

13.9%-0.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.2%

Public transit2.4%

Worked from home12.7%

Other12.7%

Worked From Home

12.7%+14.5% YoY

Mean Commute

18.49-0.5% YoY

Units & Tenure

Total Housing Units

54,093+0.5% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 54,093

54Kunits

Occupied50,12892.7%

Vacant3,9657.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 50,128

50Khouseholds

Owner32,87265.6%

Renter17,25634.4%

Avg Household Size — Owner

2.44+0.1% YoY

Avg Household Size — Renter

1.88-1.5% YoY

County Demographics

County population is up 0.0% to 200,123: residents under 18 are down 1.0% and those 65 and over are up 2.6%.

Median Age

41.22024

Population

St. Louis County Population

200,794+0.1% YoY

Households

Total Households

87,115+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.20-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 200,123

200Kresidents

Under 1837,13018.6%

Adults 18–64120,24260.1%

65 & Over42,75121.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

37,130-1.0% YoY

Population 65 & Over

42,751+2.6% YoY

Median Age

41.20-0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.2%

Moved (within US)13.6%

Other0.2%

Veterans

7.3%+1.4% YoY

County Economy

County median household income is $70K, 13.2% of residents are below the poverty level, 11.2% work from home.

Income

Median Household Income

$70K+0.9% YoY

Per-Capita Income

$41K+3.8% YoY

Mean Household Income

$93K+3.0% YoY

Poverty

Below Poverty Level

13.2%-1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.1%

Public transit1.8%

Worked from home11.2%

Other12.9%

Worked From Home

11.2%+13.1% YoY

Mean Commute

19.90-1.0% YoY

Done with Duluth? Put it next to another market.

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City

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Duluth, Minnesota

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 87/100, supply score 79, homes go under contract 18.4% faster than the US median, at 92% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $77K, +1.5% YoY (ZIP); renters hold 34.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +2.4% YoY. inventory, +31.7% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

11 ZIPs in this city:55802 55803 55804 55805 55806 55807 55808 55810 55811 55812 55816

Market Hotness

87 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−18.4%

homes sell faster here

92%

of national median · below avg

Median Listing Price

$419K

Population

118,657

50,128

Median Days on Market

Active Listings

233

New Listings

140

Housing Market

The median listing price is up 2.4% YoY while the median home got up 7.1% bigger, so value per square foot is up 1.6%.

Pricing

Median Listing Price

$419K+2.4% YoY

Average Listing Price

$540K+10.1% YoY

Price per Sq Ft

$223.498+1.6% YoY

Median Sq Ft

1,839+7.1% YoY

Inventory

Active Listings

233+48.4% YoY

New Listings

140+34.6% YoY

Total Listings

399+31.7% YoY

Buyer Competition

Pending Listings

179+18.5% YoY

Pending Ratio

0.77-20.0% YoY

Median Days on Market

44-10.2% YoY

Price Reduced

20.4%+13.1% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 104,263

104Kunits

Occupied87,11583.6%

Vacant17,14816.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 87,115

87Koccupied

Owner62,02071.2%

Renter25,09528.8%

Renter Share

28.8%+2.8% YoY

Total Housing Units

104,263+0.3% YoY

FY2026 Fair Market Rent

CountySt. Louis County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$849

/month

1 BR

$978

/month

2 BR

$1,232

/month

3 BR

$1,689

/month

4 BR

$2,067

/month

FMR trends · St. Louis County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 34.4% of this ZIP's 50,128 occupied households, on a median household income of $77K.

Population & Age

Total Population

118,657+0.3% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 118,657

119Kresidents

Under 1822,03718.6%

Adults 18–6474,75763.0%

65 & Over21,86318.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.76-0.3% YoY

Population Under 18

22,037+1.1% YoY

Population 65 & Over

21,863+4.9% YoY

Households & Mobility

Total Households

50,128+1.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.25-0.6% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.6%

Moved (within US)16.3%

Other0.2%

Veterans

6.2%+0.4% YoY

Income & Poverty

Median Household Income

$77K+1.5% YoY

Per-Capita Income

$44K+4.6% YoY

Mean Household Income

$103K+3.9% YoY

Below Poverty Level

13.9%-0.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.2%

Public transit2.4%

Worked from home12.7%

Other12.7%

Worked From Home

12.7%+14.5% YoY

Mean Commute

18.49-0.5% YoY

Units & Tenure

Total Housing Units

54,093+0.5% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 54,093

54Kunits

Occupied50,12892.7%

Vacant3,9657.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 50,128

50Khouseholds

Owner32,87265.6%

Renter17,25634.4%

Avg Household Size — Owner

2.44+0.1% YoY

Avg Household Size — Renter

1.88-1.5% YoY

County Demographics

County population is up 0.0% to 200,123: residents under 18 are down 1.0% and those 65 and over are up 2.6%.

Median Age

41.22024

Population

St. Louis County Population

200,794+0.1% YoY

Households

Total Households

87,115+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.20-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 200,123

200Kresidents

Under 1837,13018.6%

Adults 18–64120,24260.1%

65 & Over42,75121.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

37,130-1.0% YoY

Population 65 & Over

42,751+2.6% YoY

Median Age

41.20-0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.2%

Moved (within US)13.6%

Other0.2%

Veterans

7.3%+1.4% YoY

County Economy

County median household income is $70K, 13.2% of residents are below the poverty level, 11.2% work from home.

Income

Median Household Income

$70K+0.9% YoY

Per-Capita Income

$41K+3.8% YoY

Mean Household Income

$93K+3.0% YoY

Poverty

Below Poverty Level

13.2%-1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.1%

Public transit1.8%

Worked from home11.2%

Other12.9%

Worked From Home

11.2%+13.1% YoY

Mean Commute

19.90-1.0% YoY

Done with Duluth? Put it next to another market.