The story of this market
The typical home in ZIP 55707 sells for about $372,450, or $226 per square foot.
Prices are up +11.6% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $920 a month.
ZIP 55707 — Barnum
The Duluth housing market shows steady growth with a 11.6% year-over-year increase in median listing prices. While inventory remains tight, the market is balanced, supported by strong demand and a stable local economy. Buyers are seeing a competitive environment, but the pace of sales remains consistent with historical trends.
This area is well-suited for families, outdoor enthusiasts, and professionals working in the regional healthcare or education sectors. It offers a balance of urban amenities and access to natural landscapes, appealing to those seeking a stable, community-focused environment.
Median prices moved up 11.6% year over year.
Homes spend a median of 42 days on market with 3.0 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55707, St. Louis County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Duluth are generally consistent with regional averages for mid-sized Midwestern cities, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety.
The area is served by Duluth Public Schools (ISD 709), which offers a variety of traditional and magnet school options. School quality is generally considered stable with ongoing efforts to modernize facilities and curriculum.
The region faces risks primarily related to severe winter weather and occasional heavy precipitation events. Property insurance markets remain stable, though coverage for specific water-related hazards is standard for the Great Lakes region.
Duluth serves as a regional economic hub with major employment sectors in healthcare, education, and shipping. Development momentum is supported by ongoing infrastructure investments and revitalization projects in the downtown and waterfront districts.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district and municipal levies. Minnesota utilizes a homestead classification system that provides tax relief for owner-occupied primary residences.
Commuting within the area is primarily car-dependent, with major corridors like I-35 providing access to the employment core. Public transit options are available through the Duluth Transit Authority, serving the city's main commercial and residential hubs.
The area offers extensive access to Lake Superior, numerous public parks, and the Superior Hiking Trail. Residents enjoy proximity to golf courses, local museums, and the vibrant shopping and dining districts along the waterfront.
The rental market is characterized by low vacancy rates, particularly in affordable housing segments. Demand remains steady, driven by the local university population and a limited supply of new multi-family developments.
The economy is anchored by Essentia Health, St. Luke's, and the University of Minnesota Duluth. The shipping and logistics industry remains a vital component of the regional economic base.
The city is served by I-35 and a network of state highways, with the Duluth Transit Authority providing bus service. Infrastructure improvements are focused on maintaining connectivity between the hillside and the waterfront.
Development efforts are currently focused on increasing housing density in the downtown core and expanding public infrastructure along the lakefront.
The St. Louis County Assessor's office manages property valuations, utilizing a mass appraisal system to ensure equitable taxation across the county.
Parcels are subject to various special districts, including school district levies, watershed management organizations, and utility service districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available through major national and regional carriers.
Data retrieved from data.census.gov for ZCTA 55707.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Black Bear Casino Resort3.912.1 mi
- Mont du Lac Resort4.319.4 mi
- Streetcar - Kitchen & Pub4.614 mi
- Moose Lake State Park4.68.2 mi
- Black Bear Golf Course412.2 mi
- Moose Lake City Park4.57.5 mi
- Historic Lake Theatre4.67.8 mi
- Moose Lake State Park4.68.2 mi
- Moose Lake City Park4.57.5 mi
- Black Bear Golf Course412.2 mi
- Duluth International Airport4.330.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major recreational and scenic anchor for the city.
Extensive hiking network accessible from the city.
Features a historic tower and panoramic views of the harbor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.