55810, Duluth, MN

Duluth, Minnesota is a city located in the Twin Cities metropolitan area. The 55810 zip code covers much of Duluth, with some areas extending into neighboring suburbs. As of the 2010 census, the population was 28,914.

The median home value in the 55810 zip code was $161,500 as of September 30, 2016. This is lower than the statewide median home value of $216,200 and well below the national median home value of $247,600. The percentage of homes valued at or above $200,000 is also lower than both Minnesota and national averages.

Despite these relatively low values compared to other parts of the country, Duluth's homeownership rate (68%) is above both Minnesota (64%) and national averages (63%). Additionally, there are a high number of single-family homes in this zip code (54%), which may be contributing to its higher homeownership rate.

One reason for Duluth's comparatively low home values may be its high level of foreclosure activity: as of September 30th 2016 there were 488 active foreclosures in this zip code. This is more than double the number for any other zip code in Minnesota and more than triple the number for any other zip code nationwide.

Despite these challenges faced by homeowners in this area, there are still opportunities for those who are willing to look for them: according to Zillow's recent analysis*, rental prices have increased faster in Duluth than anywhere else in Minnesota over the past year (+5%). Additionally, job growth has been strong recently in Duluth (+4%), which may help to support rising rental prices.