The typical owner-occupied home in Duluth is worth about $242,700, 26% below the Minnesota median of $329,300 and 27% below the national median of $332,700. Owners pay a median $2,885 a year in property taxes, about 1.19% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $68,807 a year, so the median home costs 3.5 times the median income (3.7 times for Minnesota). 59% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Duluth at a glance
| Duluth | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $242,700 | $329,300 | $332,700 |
| Median property tax paid per year | $2,885 | $3,357 | $3,119 |
| Property tax as a share of value | 1.19% | 1.02% | 0.94% |
| Median household income | $68,807 | $89,062 | $80,734 |
| Homes lived in by their owners | 59% | 72% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,573 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.7% | 21.0% |
| Median rent | $1,087 | $1,280 | $1,413 |
| Rent as a share of renters' income | 31.8% | 29.2% | 30.6% |
| Median year homes were built | 1951 | 1979 | 1980 |
| Vacant homes | 6.3% | 9.3% | 10.1% |
| Population | 87,093 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Duluth
At this week's average 30-year rate of 7.11%, buying the median Duluth home of $242,700 with 20% down costs about $1,648 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,052, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $70,626 for the 20%-down payment. That payment is 29% of the median Duluth household income of $68,807; at that income and 20% down, the 28% guideline points to a home of about $236,000.
The median rent here is $1,087 a month, so owning the median home costs about $561 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,540 |
|---|---|
| Loan amount | $194,160 |
| Principal and interest | $1,306 |
| Property taxes (1.19% a year) | $241 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,648 |
Change the numbers in the calculator
| Down payment | $8,494 |
|---|---|
| Loan amount | $238,304 |
| Principal and interest | $1,603 |
| Property taxes (1.19% a year) | $241 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $107 |
| Total per month | $2,052 |
Change the numbers in the calculator
Questions about home buying in Duluth
What is the median home value in Duluth?
About $242,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Duluth?
Homeowners pay a median $2,885 a year, which is about 1.19% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Duluth?
For the median home with 20% down at 7.11%, the payment is about $1,648 a month. Keeping that under 28% of gross income takes about $70,626 a year.
More about Duluth
- Mortgage Refinance in Duluth
- Debt Relief in Duluth
- Home Equity Loans in Duluth
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data