Duluth is Minnesota's least affordable rental market - Bring Me The News

Duluth is Minnesota's least affordable rental market

A majority of Duluth renters - 56 percent - spend more than thirty percent of their income on housing. While rents are inching upward, renters' incomes are shrinking. Meanwhile, home foreclosures have thrown more people into the rental market.
Author:
Publish date:

A majority of Duluth renters - 56 percent - spend more than thirty percent of their income on housing. While rents are inching upward, renters' incomes are shrinking. Meanwhile, home foreclosures have thrown more people into the rental market.

Next Up

Related

Metro rental market booming

Even though hundreds of new apartments have opened in the Twin Cities, places to rent are still getting more expensive and harder to find. Throughout the region, the average vacancy rate was 2.7 percent, and continues to tick downward. Rents are increasing.

Winona homeowners sue city over rental rules

The city says not more than 30 percent of the homes on a block can be rentals, but some homeowners say that rule is illegal and unconstitutional. They say the city is unfairly restricting what they can do with their property and not giving them equal opportunity to obtain rental licenses.