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Market MapDuluth, MN
Metropolitan Area

Duluth, MN

Minnesota0
72
/100
Buy
#136 of 894 metros
Top 15% nationally for investing

Market Snapshot

$248,119
Median Home Price
2% above national median
$1,526/mo
Median Rent
10% above national median
7.38%
Rent-to-Price Ratio
Top 21% nationally
-$309
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$248,119
Down Payment (20%)$49,624
Loan Amount$198,495
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,526
Monthly P&I-$1,301
Est. Expenses (35%)-$534
Net Cash Flow-$309/mo
4.8%
Cap Rate (all cash)
-6.5%
Cash-on-Cash Return
7.38%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.8% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
72/100
72
Cash Flow(30%)
74/100

Based on 7.38% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
87/100

Based on 5.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
77/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.38%)
  • +Strong price appreciation (+5.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$309/mo)
  • -Negative leverage (cap rate 4.8% < mortgage rate 6.9%)

Counties in Duluth, MN

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Danville, IL
Danville, IL
81$93,319$81510.48%Strong BuyView
Current
Duluth, MN
72$248,119$1,5267.38%Buy

The Bottom Line

BuyDuluth, MN offers solid investment potential with good cash flow or appreciation prospects.

The Duluth, MN metro area scores 72/100, ranking #136 of 894 US metros (top 15%). The 7.38% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-309/mo
Cap Rate
4.8%
Cash-on-Cash
-7.5%

Ready to Invest in Duluth, MN?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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