Department of Numbers

Duluth Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Duluth, MN (the Duluth metro area) was $686 in 2015 according to the Census ACS survey.1 Average gross rent in Duluth was $705 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Duluth median and average rent data will be released in September of 2017.

Data is also available below for Duluth rental vacancy rates, Duluth rent as a percent of median income and the fraction of renters in Duluth.

Show dollars as: Nominal Real

Real Gross Rent in Duluth Minnesota (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Minnesota Median Gross Rent $888 +3.86% +8.96%
Duluth, MN Median Gross Rent $686 -4.85% +1.93%

Duluth, MN Real Gross Rent Trends

Median gross rent for Duluth peaked in real terms in 2014 at $721 and is now $35 (4.85%) lower. Average gross rent for Duluth peaked in real terms in 2009 at $721 and is now $16 (2.22%) lower.

Real Gross Rent in Duluth: Duluth MN Median, Duluth MN Average, Minnesota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Duluth

Date US
Median
Minnesota
Median
Duluth, MN
Median
Duluth, MN
Average
2015 $959 $888 $686 $705
2014 $930 $855 $721 $710
2013 $898 $826 $652 $694
2012 $886 $815 $673 $670
2011 $887 $801 $651 $674
2010 $901 $805 $664 $693
2009 $905 $813 $690 $721
2008 $920 $819 $648 $670
2007 $874 $787 $657 $663
2006 $883 $811 $667 $660
2005 $858 $816 $641 $632

Duluth Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Duluth Minnesota was 5.09% according to Census ACS data.

Rental Vacancy Rate in Duluth Minnesota

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Minnesota 4.35% -0.18% +0.25%
Duluth, MN 5.09% +0.90% +0.12%

Trends in Duluth, MN Rental Vacancy Rate

The rental vacancy rate in Duluth peaked in 2006 at 7.99%. Since then it has fallen by 2.90% to 5.09%. Data records for this series originated in 2005. From a 2008 post peak low of 3.11%, the rental vacancy rate has increased by 1.98%.

Rental Vacancy Rate: Duluth MN, Minnesota, US

Rental vacancy rate in Minnesota

Historical Rental Vacancy Rate data for Duluth

Date US Minnesota Duluth, MN
2015 5.85% 4.35% 5.09%
2014 6.32% 4.53% 4.19%
2013 6.49% 3.94% 4.67%
2012 6.77% 4.10% 4.97%
2011 7.40% 5.37% 4.35%
2010 8.17% 5.96% 3.86%
2009 8.43% 5.97% 3.84%
2008 7.86% 5.76% 3.11%
2007 7.87% 7.07% 4.69%
2006 7.70% 8.06% 7.99%
2005 7.74% 8.20% 7.76%

Rent as a Fraction of Income

Using median household income data for Duluth, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Duluth, median monthly gross rent as a fraction of median household income was 16.28% in 2015 according to the ACS.

Duluth Minnesota Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Minnesota 16.78% +0.02% +0.22%
Duluth, MN 16.28% -1.00% -0.91%

Trends in Duluth, MN Rent as a Fraction of Income

The fraction of median Duluth household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.96%. Since then it has fallen by 1.68% to 16.28%.

Fraction of Income towards Rent: Duluth MN, Minnesota, US

Percent of median household income going towards median monthly gross rent in Duluth Minnesota

Historical Data for Annual Rent as a Fraction of Income in Duluth Minnesota

Date US Minnesota Duluth, MN
2015 20.63% 16.78% 16.28%
2014 20.89% 16.77% 17.28%
2013 20.78% 16.45% 17.00%
2012 20.65% 16.56% 17.19%
2011 20.70% 16.58% 16.63%
2010 20.50% 16.53% 17.96%
2009 20.12% 16.33% 17.27%
2008 19.00% 15.37% 15.58%
2007 18.66% 15.29% 16.70%
2006 18.90% 15.57% 15.62%
2005 18.89% 15.96% 16.06%

Renter Fraction in Duluth Minnesota

You can calculate the renter fraction in Duluth in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Duluth as a fraction of total Duluth households. In 2015 27.89% of households were renters according to Census ACS data.

Duluth Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Minnesota 29.06% +0.75% +0.50%
Duluth, MN 27.89% -0.40% -1.43%

Trends in the Duluth, MN Renter Fraction

The Duluth household renter fraction peaked in in 2012 at 29.32% and is now 1.43% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Duluth MN, Minnesota, US

Fraction of renters in Duluth

History of Duluth Renter Fraction

Date US Minnesota Duluth, MN
2015 36.97% 29.06% 27.89%
2014 36.90% 28.31% 28.29%
2013 36.50% 28.45% 28.80%
2012 36.09% 28.56% 29.32%
2011 35.42% 27.24% 27.92%
2010 34.65% 26.98% 28.78%
2009 34.13% 26.29% 29.21%
2008 33.36% 25.34% 28.26%
2007 32.80% 24.76% 27.13%
2006 32.73% 23.70% 23.69%
2005 33.10% 24.23% 24.53%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.