55802, Duluth, MN

The Duluth, MN 55802 zip code has a population of approximately 54,000 people. The median household income in the Duluth, MN 55802 zip code is $75,000. The median home value in the Duluth, MN 55802 zip code is $224,500.

There has been a significant increase in home equity and home prices in the Duluth, MN 55802 zip code over the past five years. In 2012, the median home value was $209,500. By 2016, the median home value had increased to $224,500. This trend is likely to continue as more and more people are able to purchase homes in this area.

One reason for this increase in home values is that there are a lot of homes available for sale in the Duluth, MN 55802 zip code. There are also a lot of people who are able to purchase homes here because of their incomes and their mortgage rates.

There are some risks associated with buying or owning a home in the Duluth, MN 55802 zip code. One risk is that interest rates could go up over time and make it harder for you to afford your mortgage payments. Another risk is that your house could become worth less than what you paid for it if there is a housing market crash or if you decide to sell your house later on down the road.