Property Prices in Duluth, MN, United States

Index Info
Price to Income Ratio: 3.13
Mortgage as Percentage of Income: 27.45%
Loan Affordability Index: 3.64
Price to Rent Ratio - City Centre: 8.31
Price to Rent Ratio - Outside of Centre: 9.73
Gross Rental Yield (City Centre): 12.03%
Gross Rental Yield (Outside of Centre): 10.28%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,275.00 $ 1,100.00-1,500.00
1 Bedroom Apartment Outside of City Centre 987.50 $ 800.00-1,200.00
3 Bedroom Apartment in City Centre 2,475.00 $ 1,900.00-3,500.00
3 Bedroom Apartment Outside of City Centre 2,175.00 $ 1,800.00-2,700.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 222.34 $ 180.04-280.00
Price per Square Feet to Buy Apartment Outside of Centre 214.34 $ 180.04-256.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,753.29 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.24 6.00-6.70

These data are based on 48 entries from 10 contributors over the past 18 months.
Last update: 30 November 2025

Sources and References
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