Mortgage payment estimates, closing cost breakdowns, and homebuying data for Duluth, Minnesota.
Pre-filled with Duluth median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Duluth prices.
The median home price in Duluth is $245,000, 27% below the Minnesota state median of $335,000. With a population of 90,880, Duluth is a smaller market where home prices tend to be more accessible than in many parts of Minnesota.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $245,000 home in Duluth would carry roughly $229/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Duluth is $1,120/month. The price-to-rent ratio in Duluth is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Duluth offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Minnesota's Minnesota Housing Start Up program.