Cities with the fastest growing home prices in Duluth metro area

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January 19, 2023
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Cities with the fastest growing home prices in Duluth metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Duluth, MN-WI metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 66 cities and towns in Duluth.

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#30. Babbitt, MN

- 1-year price change: +$17,520 (+15.8%)
- 5-year price change: +$46,415 (+56.4%)
- Typical home value: $128,743 (#57 most expensive city in metro)
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#29. Brookston, MN

- 1-year price change: +$17,804 (+8.4%)
- 5-year price change: +$60,184 (+35.4%)
- Typical home value: $230,378 (#30 most expensive city in metro)
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#28. Canyon, MN

- 1-year price change: +$19,318 (+6.8%)
- 5-year price change: +$85,636 (+39.1%)
- Typical home value: $304,459 (#8 most expensive city in metro)
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#27. Danbury, WI

- 1-year price change: +$19,916 (+8.8%)
- 5-year price change: +$73,443 (+42.5%)
- Typical home value: $246,320 (#26 most expensive city in metro)
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#26. Cotton, MN

- 1-year price change: +$20,824 (+9.7%)
- 5-year price change: +$75,548 (+47.1%)
- Typical home value: $235,906 (#28 most expensive city in metro)

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#25. Makinen, MN

- 1-year price change: +$21,463 (+12.6%)
- 5-year price change: +$59,852 (+45.3%)
- Typical home value: $191,853 (#46 most expensive city in metro)
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#24. Brule, WI

- 1-year price change: +$24,570 (+12.9%)
- 5-year price change: +$71,712 (+49.8%)
- Typical home value: $215,744 (#35 most expensive city in metro)
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#23. Embarrass, MN

- 1-year price change: +$24,696 (+14.6%)
- 5-year price change: +$66,195 (+51.7%)
- Typical home value: $194,327 (#43 most expensive city in metro)
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#22. Saginaw, MN

- 1-year price change: +$25,479 (+8.6%)
- 5-year price change: +$86,763 (+37.1%)
- Typical home value: $320,364 (#7 most expensive city in metro)
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#21. Hermantown, MN

- 1-year price change: +$25,551 (+7.1%)
- 5-year price change: +$108,230 (+39.4%)
- Typical home value: $383,007 (#2 most expensive city in metro)

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#20. Rice Lake, MN

- 1-year price change: +$26,203 (+9.5%)
- 5-year price change: +$84,807 (+39.0%)
- Typical home value: $302,214 (#9 most expensive city in metro)
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#19. Angora, MN

- 1-year price change: +$26,476 (+15.9%)
- 5-year price change: +$62,795 (+48.2%)
- Typical home value: $192,988 (#44 most expensive city in metro)
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#18. Superior, WI

- 1-year price change: +$26,738 (+15.5%)
- 5-year price change: +$75,294 (+60.9%)
- Typical home value: $198,859 (#40 most expensive city in metro)
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#17. Duluth, MN

- 1-year price change: +$27,198 (+11.5%)
- 5-year price change: +$81,345 (+44.4%)
- Typical home value: $264,515 (#18 most expensive city in metro)
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#16. Solon Springs, WI

- 1-year price change: +$27,462 (+11.7%)
- 5-year price change: +$87,771 (+50.4%)
- Typical home value: $262,021 (#20 most expensive city in metro)

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#15. Minong, WI

- 1-year price change: +$30,278 (+12.6%)
- 5-year price change: +$111,344 (+69.7%)
- Typical home value: $271,171 (#17 most expensive city in metro)
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#14. Maple, WI

- 1-year price change: +$30,733 (+16.9%)
- 5-year price change: +$111,344 (data not available)
- Typical home value: $212,291 (#38 most expensive city in metro)
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#13. Ely, MN

- 1-year price change: +$32,726 (+15.6%)
- 5-year price change: +$90,165 (+59.2%)
- Typical home value: $242,573 (#27 most expensive city in metro)
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#12. Iron, MN

- 1-year price change: +$33,438 (+17.6%)
- 5-year price change: +$85,654 (+62.4%)
- Typical home value: $222,915 (#33 most expensive city in metro)
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#11. Gordon, WI

- 1-year price change: +$33,678 (+15.3%)
- 5-year price change: +$98,000 (+62.9%)
- Typical home value: $253,765 (#22 most expensive city in metro)

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#10. Cook, MN

- 1-year price change: +$35,986 (+17.0%)
- 5-year price change: +$84,604 (+51.9%)
- Typical home value: $247,752 (#24 most expensive city in metro)
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#9. Forbes, MN

- 1-year price change: +$35,994 (+22.3%)
- 5-year price change: +$73,587 (+59.6%)
- Typical home value: $197,081 (#42 most expensive city in metro)
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#8. Poplar, WI

- 1-year price change: +$36,410 (+15.0%)
- 5-year price change: +$94,677 (+51.2%)
- Typical home value: $279,436 (#14 most expensive city in metro)
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#7. Foxboro, WI

- 1-year price change: +$41,302 (+17.5%)
- 5-year price change: +$94,677 (data not available)
- Typical home value: $277,008 (#16 most expensive city in metro)
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#6. Lake Nebagamon, WI

- 1-year price change: +$41,984 (+14.4%)
- 5-year price change: +$125,937 (+60.7%)
- Typical home value: $333,439 (#6 most expensive city in metro)

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#5. Kabetogama, MN

- 1-year price change: +$49,079 (+21.5%)
- 5-year price change: +$87,854 (+46.4%)
- Typical home value: $277,022 (#15 most expensive city in metro)
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#4. Brimson, MN

- 1-year price change: +$50,962 (+33.1%)
- 5-year price change: +$61,790 (+43.2%)
- Typical home value: $204,771 (#39 most expensive city in metro)
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#3. Tower, MN

- 1-year price change: +$52,271 (+17.3%)
- 5-year price change: +$120,388 (+51.5%)
- Typical home value: $354,285 (#4 most expensive city in metro)
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#2. Side Lake, MN

- 1-year price change: +$75,918 (+26.2%)
- 5-year price change: +$125,459 (+52.2%)
- Typical home value: $365,585 (#3 most expensive city in metro)
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#1. Crane Lake, MN

- 1-year price change: +$79,269 (+24.8%)
- 5-year price change: +$127,339 (+46.9%)
- Typical home value: $398,767 (#1 most expensive city in metro)

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