Report Shows Lack of Homes and Apartments in Duluth
DULUTH, Minn. – The latest housing indicator report by the City of Duluth confirms the need for more apartments and homes. Their 2021 study found the average price for a home sold increased $35,000 to $240,000, the average rent went up $221, while the rental vacancy rate dropped around 3-percent to 2.1-percent. Typically, a five-percent vacancy rate is considered healthy, with…