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1 / 30#30. Alborn, MN
- Typical home value: $247,853
- 1-year price change: +4.3%
- 5-year price change: +18.6%
Cities with the most expensive homes in the Duluth metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Duluth metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 62 cities and towns.
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2 / 30#29. Cromwell, MN
- Typical home value: $254,200
- 1-year price change: +3.1%
- 5-year price change: +15.6%
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3 / 30#28. Cook, MN
- Typical home value: $257,955
- 1-year price change: +7.7%
- 5-year price change: +21.7%
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4 / 30#27. Maple, WI
- Typical home value: $258,382
- 1-year price change: +7.8%
- 5-year price change: +29.0%
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5 / 30#26. Proctor, MN
- Typical home value: $261,634
- 1-year price change: +6.9%
- 5-year price change: +31.8%
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6 / 30#25. Brule, WI
- Typical home value: $262,837
- 1-year price change: +8.1%
- 5-year price change: +24.7%
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7 / 30#24. Cloquet, MN
- Typical home value: $266,092
- 1-year price change: +3.3%
- 5-year price change: +22.2%
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8 / 30#23. Canyon, MN
- Typical home value: $272,485
- 1-year price change: +5.6%
- 5-year price change: +24.7%
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9 / 30#22. Sturgeon Lake, MN
- Typical home value: $276,816
- 1-year price change: +3.4%
- 5-year price change: +33.4%
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10 / 30#21. Scanlon, MN
- Typical home value: $284,942
- 1-year price change: +1.9%
- 5-year price change: +23.1%
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11 / 30#20. Ely, MN
- Typical home value: $285,200
- 1-year price change: +6.7%
- 5-year price change: +32.4%
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12 / 30#19. Moose Lake, MN
- Typical home value: $287,546
- 1-year price change: +5.0%
- 5-year price change: +34.3%
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13 / 30#18. Gordon, WI
- Typical home value: $288,469
- 1-year price change: +5.8%
- 5-year price change: +28.9%
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14 / 30#17. Foxboro, WI
- Typical home value: $291,705
- 1-year price change: +6.7%
- 5-year price change: +33.2%
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15 / 30#16. Two Harbors, MN
- Typical home value: $295,980
- 1-year price change: +5.2%
- 5-year price change: +30.5%
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16 / 30#15. Duluth, MN
- Typical home value: $298,068
- 1-year price change: +5.2%
- 5-year price change: +29.7%
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17 / 30#14. Barnum, MN
- Typical home value: $299,148
- 1-year price change: +5.4%
- 5-year price change: +35.3%
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18 / 30#13. Solon Springs, WI
- Typical home value: $299,403
- 1-year price change: +4.2%
- 5-year price change: +30.6%
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19 / 30#12. Danbury, WI
- Typical home value: $310,592
- 1-year price change: +1.2%
- 5-year price change: +29.7%
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20 / 30#11. Poplar, WI
- Typical home value: $314,283
- 1-year price change: +5.9%
- 5-year price change: +24.7%
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21 / 30#10. Minong, WI
- Typical home value: $329,697
- 1-year price change: +4.0%
- 5-year price change: +36.6%
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22 / 30#9. Wrenshall, MN
- Typical home value: $333,340
- 1-year price change: +4.9%
- 5-year price change: +36.4%
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23 / 30#8. Carlton, MN
- Typical home value: $336,745
- 1-year price change: +3.3%
- 5-year price change: +32.2%
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24 / 30#7. Side Lake, MN
- Typical home value: $346,606
- 1-year price change: +9.6%
- 5-year price change: +40.8%
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25 / 30#6. Saginaw, MN
- Typical home value: $352,047
- 1-year price change: +8.0%
- 5-year price change: +30.2%
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26 / 30#5. Lake Nebagamon, WI
- Typical home value: $356,527
- 1-year price change: +5.7%
- 5-year price change: +25.3%
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27 / 30#4. Tower, MN
- Typical home value: $359,282
- 1-year price change: +8.5%
- 5-year price change: +35.5%
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28 / 30#3. Knife River, MN
- Typical home value: $385,834
- 1-year price change: +5.2%
- 5-year price change: data not available
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29 / 30#2. Esko, MN
- Typical home value: $403,388
- 1-year price change: +3.1%
- 5-year price change: +22.3%
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30 / 30#1. Hermantown, MN
- Typical home value: $432,848
- 1-year price change: +5.9%
- 5-year price change: +27.5%
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