Duluth MN Real Estate - Duluth MN Homes For Sale | Zillow (2024)

FAQs

What is the vacancy rate in Duluth MN? ›

Population trends

Among Duluth residents, there is a homeowner vacancy rate of 1.4% and a rental vacancy rate of 3.9% from a total of 38,461 units.

Duluth has a relatively affordable cost of living compared to other cities in the United States. Housing costs, in particular, are lower than the national average. which makes it an attractive option for those looking for a more affordable place to live.

Duluth is in St. Louis County and is one of the best places to live in Minnesota. Living in Duluth offers residents a dense suburban feel and most residents own their homes.

In its early stages, it grew rapidly, taking advantage of the abundance of valuable iron and timber in the region. These resources, along with its location on one of the Great Lakes and transcontinental railway connections, quickly made Duluth a nationally important center for shipping and manufacturing.

What is drawing people to Duluth? Climatologist's say the cities culture and Lake Superior are drawing in new residents. While speaking at University of Minnesota-Duluth's “Our Climate Futures” conference in 2019, Dr. Jesse Keenan explored the idea of Duluth being an ideal location for climate migration.

In the second half of the 20th century, Duluth's population fell off a cliff, shrinking to about 84,000 by 2008 from nearly 107,000 in 1960. Its massive steel and cement manufacturing complex — the largest employer in the city — closed, and other factory closures followed. Grain shipments to its port slowed.

Over 6,000 people are experiencing homelessness within St. Louis County. This an estimate by the group Minnesota dash to end homelessness. The group says there's nearly 600 people in Duluth alone struggling to find a home.

The risk for mosquito activity is moderate.

Why should I move to Duluth? ›

Perched along the shores of Lake Superior, Duluth, Minnesota, offers a front-row seat to the breathtaking beauty of the Great Lakes. Many residents love to explore its rugged cliffs, serene beaches and winding trails. Other favorite pastimes include enjoying water sports and relaxing in one of the many city parks.

Duluth is known for first-rate medical facilities; Superior has an oil refinery. Duluth has Spirit Mountain and a ski jump; Superior is flat as a turkey platter. Superior is clearly inferior to Duluth, but if you like an underdog, you have to love that town across the harbor.

The Duluth-Superior Metropolitan area is home to over 200,000 dedicated workers serving the following industries: Aviation & Aerospace. Biomed & Healthcare. Creative & Professional Services.

1. Bob Dylan. Robert Allen Zimmerman was born 24 May 1941 in Duluth, Minnesota; his father Abe worked for the Standard Oil Co. Six years later the family moved to Hibbing, often the coldest place in the US, where he taught himself piano and guitar and formed several high school rock bands.

Basic Info. Duluth, MN-WI, MN Unemployment Rate is at 3.30%, compared to 3.20% last month and 3.20% last year. This is lower than the long term average of 5.69%.

These trends are reflected at the local level as well, with the Cape Coral-Fort Myers, FL metropolitan area topping the nation in vacancies, averaging 15.3% in 2023.

Analyzing vacancy rates

In general, a vacancy rate between 5-10% may be considered healthy, implying a balance between supply and demand. If the vacancy rate is under 5%, that could mean the demand for housing is greater than the supply.

Between 2021 and 2022 the population of Duluth, MN grew from 86,711 to 86,772, a 0.0703% increase and its median household income grew from $58,014 to $63,545, a 9.53% increase.