The story of this market
The typical home in ZIP 55708 sells for about $140,000, or $216 per square foot.
Prices are up +22.6% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $827 a month.
ZIP 55708 — Bigfork
ZIP 55708 functions as a small, specialized residential market in the Iron Range region. Current metrics indicate a low-inventory environment with stable demand driven by local mining and recreational tourism. The market is characterized by limited supply and steady, non-speculative growth.
Fits families and individuals seeking a lower cost of living and outdoor-centric lifestyles; less suitable for high-frequency commuters or those requiring high-density urban amenities.
Median prices moved up 22.6% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 8.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 55708, St. Louis County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area generally maintains low reported crime rates typical of rural northern Minnesota, with minimal regional variance in safety posture.
Schools are served by local public districts focused on the Iron Range, characterized by small class sizes and steady academic performance.
The area features a Minimal Heat Factor; primary environmental risks are limited to typical northern climate conditions, with standard insurance coverage availability.
Major regional momentum is tied to taconite mining operations and the year-round resort and recreational infrastructure at Giants Ridge.
Property taxes are levied by St. Louis County and the local municipality of Biwabik; the structure follows the Minnesota state levy system, which includes a homestead market value exclusion for primary residences.
The area requires private vehicle transportation for most needs, with commute profiles focused on regional work centers within the Iron Range.
Highly active area centered on Giants Ridge for skiing and golf, nearby lakes for seasonal fishing and boating, and extensive trail systems.
Rental market depth is low, primarily consisting of individual unit listings rather than large multi-family complexes, with limited short-term rental activity near resort hubs.
The economy is heavily anchored by the mining industry, regional tourism, and local government services.
Limited large-scale development; infrastructure is focused on maintenance and upgrades to resort-related facilities.
Parcels are subject to regional school district levies and municipal/county tax jurisdictions.
Stable; typical homeowners' insurance profiles for the Upper Midwest.
Data retrieved from data.census.gov ZCTA 55708 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Fortune Bay Resort Casino415.8 mi
- Giants Ridge Recreation Area4.62 mi
- United States Hockey Hall of Fame4.712.1 mi
- Olcott Park4.610.8 mi
- Cinema 6 Theatre4.412.2 mi
- Virginia Bowling Gardens4.410.3 mi
- United States Hockey Hall of Fame4.712.1 mi
- Giants Ridge Recreation Area4.62 mi
- Iron Range Off-Highway Vehicle State Recreation Area4.89 mi
- Olcott Park4.610.8 mi
- Biwabik Campground on Vermilion Trail4.34.3 mi
- Giants Ridge Recreation Area4.62 mi
- The Quarry at Giants Ridge4.54.3 mi
- Virginia Golf Course410.8 mi
- L&M Fleet Supply4.512.3 mi
- Uptown Virginia3.511.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Year-round resort featuring skiing, golf, and mountain biking.
Extensive paved trail system connecting Iron Range communities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.