Median Home PriceBETTER
$241,512.21
Median Rent
$1,574.57/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+6.0%
Price Change (5Y)BETTER
+30.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$47,532
Median Home Price
$293,827.67
Median RentBETTER
$1,489.94/mo
Price-to-Rent Ratio
16.4
Property Tax RateTIE
1.13%
Price Change (1Y)
+5.3%
Price Change (5Y)
+26.3%
Break-Even Years
N/A
10-Year Wealth Difference
$44,899
Key Differences
Home Prices
Duluth's median home price of $241,512.21 is lower than Mankato's $293,827.67 by 18%.
Monthly Rent
Renting in Duluth costs $1,574.57/mo compared to $1,489.94/mo in Mankato—a difference of $84.63/mo.
Buy vs Rent Verdict
Duluth favors buying, while Mankato favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.