Duluth’s housing market has experienced notable changes in recent times, reflecting broader national trends while maintaining unique local characteristics.
Current Market Trends
As of April 2026, the average home value in Duluth stands at $292,800, marking a 6.8% increase over the past year. Homes typically go pending in about six days, indicating a brisk market pace. The median sale price is $271,750, with a median list price of $346,633. Notably, 29.6% of sales have been closing above the list price, underscoring strong demand.
Rental Landscape
The rental market in Duluth has also seen significant activity. The average rent is $1,528, which is below the national average of $1,930. This represents a 3.8% year-over-year increase, suggesting a steady rise in rental demand.
Recent Developments
Several new projects are contributing to Duluth’s evolving housing landscape:
The Lakeview at 333 E. Superior
This 15-story mixed-use development offers long-term apartments, extended-stay spaces, and street-level commercial areas. Located across from the new Essentia Health hospital, it aims to provide housing options for various needs, including those visiting the hospital or seeking quality apartments with lake views.
Incline Village
Situated on the former Duluth Central High School site, Incline Village is a transformative project combining residential, retail, and office spaces. The development includes both high-end and affordable housing options, along with infrastructure improvements like new roads and utilities. Its hillside location offers panoramic views of Lake Superior and downtown Duluth.
Firehouse and Firehouse Flats
Developed by MetroPlains LLC, this $9.3 million project repurposed a historic firehouse and adjacent stable into 40 multifamily units in Duluth’s Hillside neighborhood. The development connects to a newly constructed three-story building with underground parking, offering quality housing to families seeking affordable alternatives to market-rate rents.
These developments reflect Duluth’s commitment to addressing housing needs through innovative projects that blend historical preservation with modern living spaces.