55812, Duluth, MN

The Duluth, MN 55812 zip code has a population of approximately 38,000 people. The median household income in the 55812 zip code is $59,000 and the median home value is $183,500. Home equity in the Duluth, MN 55812 zip code has increased by an average of 9% over the past five years. This increase in home equity can be attributed to a number of factors including low interest rates and increasing home values.

There are a number of factors that affect home prices in Duluth, MN. These include interest rates, local market conditions, and demographic trends. Interest rates are one factor that can influence home prices; when interest rates are high, it becomes more expensive to borrow money to buy a house or to refinance an existing mortgage. Local market conditions also play a role in determining how much homes cost; when demand for homes is high, prices will be higher than when demand for homes is low. Demographic trends also play a role in determining how much homes cost; for example, if there is an increase in families with children living in the area, then prices will likely go up because there is more demand for housing units than there are available units at current prices.