The typical home in Duluth, MN is worth about $285,000.
With 20% down that's a loan near $228,000 — the calculator
is pre-filled with that figure. Duluth's port on Lake Superior is the largest freshwater port in the world by tonnage, and its economy still leans on shipping, healthcare, and a growing tourism trade tied to the North Shore. Winter storm and hail exposure off the lake keeps insurance above the Twin Cities' rate.
$1,480.32 / month
Total interest
$304,915
Total paid
$532,915
Payoff
30.0 years
How much you need to earn
Duluth, MN's median household income is about
$60,000 a year. Under standard 28/36
lending rules that supports a home price around
$204,154 with 20% down —
below the $285,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Duluth, MN is about $1,100 a month, so owning the median home costs roughly
$825 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Duluth, MN?
On the metro's roughly $285,000 typical home with 20% down, the loan is about $228,000. Principal and interest run near $1,480 a month at today's rate, and Duluth, MN's property tax plus insurance add about $445, for a full payment near $1,925.
Can I afford a home in Duluth, MN on the median income?
The median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $204,154 with 20% down — below the $285,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Duluth, MN?
Typical asking rent is about $1,100 a month. The full owner payment on a median home is near $1,925, so owning costs roughly $825 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Duluth, MN?
The effective property tax rate in the core county is about 1.10% of market value — roughly $3,135 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Duluth, MN rising or falling?
Home values are up about 7% over the past year. Duluth's port on Lake Superior is the largest freshwater port in the world by tonnage, and its economy still leans on shipping, healthcare, and a growing tourism trade tied to the North Shore. Winter storm and hail exposure off the lake keeps insurance above the Twin Cities' rate.