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Duluth's rental and housing markets remain tight

The average market rate rent increased by more than 17% and the vacancy rate was 2%, less than half of what it was in 2020. ....

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Battling Cyberthieves from Home | Twin Cities Business

The number of closed sales for homes in the Duluth area hit a 15-year high this past summer, according to the Lake Superior Realtors Association. Fall temperatures didn’t cool demand: The median home sale price in October reached $210,000 an all-time high.
Extremely low interest rates certainly have been a factor in driving home sales. But an even bigger reason seems to be that people from the Twin Cities and elsewhere can now relocate to northern Minnesota without quitting their jobs.
That’s because some of their employers are making pandemic-driven work-from-home arrangements permanent. For companies, work from home (WFH) has meant greater employee productivity and lower overhead costs. For employees, it means that “home” can be just about anywhere they can access a strong broadband connection. ....

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