55803, Duluth, MN

In the Duluth, MN 55803 zip code, home equity and home prices have been on the rise for quite some time now. In fact, according to Zillow, the median home value in this zip code is currently $269,900. This is a 5% increase from last year and a 12% increase from five years ago.

One of the main reasons that home values in this area have been increasing so rapidly is because there are a lot of people who are looking to buy or invest in homes here. In addition, many people who live in this zip code are young and have good incomes which means that they are able to afford to buy homes even if they don’t have much money saved up already.

Another reason why home values in this area have been increasing so rapidly is because there are a lot of new development projects underway here. For example, there is a new luxury apartment complex being built right next to the lakefront which will add even more demand for homes in this area.

Overall, it seems like the Duluth, MN 55803 zip code is one of the most popular places to live in Minnesota right now and it looks like things will only continue to get better for homeowners here over time.