Duluth Real Estate Market 2019 Statistics
Minneapolis gets far more attention than any other city in Minnesota. However, there are benefits to looking beyond the biggest metro area in a state to the secondary markets such as Duluth in Minnesota. If you are looking at buying a house in Duluth as a potential investment opportunity, you must read till the end. Home prices in the Duluth real estate market are expected to rise by 2.5% in 2020. The Duluth housing market is growing rapidly. Let’s take a look at Duluth, Minnesota, the largest American city along Lake Superior.
Duluth, Minnesota is home to a little under a hundred thousand people. This makes it the fourth largest city in Minnesota. However, the Duluth housing market is larger than Duluth itself. The Duluth metropolitan area is home to nearly 300,000 people. The Duluth real estate market can also be seen as half of the Twin Ports area, with Superior, Wisconsin being the other half. Let us now discuss the latest Duluth housing market trends and forecasts for 2019 & 2020 and find out why you should invest in this cash flow rental market.