The story of this market
The typical home in ZIP 55723 sells for about $176,900, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $550 a month.
ZIP 55723 — Cook
The housing market in 55723 is characterized by low inventory and slow turnover, typical of a remote rural area. Prices have seen modest appreciation, driven by demand for recreational and secondary properties. Market conditions remain stable with limited new construction activity.
This area is best suited for outdoor enthusiasts, retirees, or those seeking rural seclusion and affordable housing away from urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 8.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 16.6% — a mixed stability 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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55723, Minnesota
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 is primarily rural forest land with standard regional wildfire and winter storm risks typical of Northern Minnesota.
Economic activity is primarily driven by forestry, seasonal tourism, and regional services in the broader Saint Louis and Itasca County areas.
Property taxes are assessed by Saint Louis and Itasca Counties based on local mill rates, which include school district and township levies.
Commutes are long and car-dependent, typically involving travel to larger employment hubs like Hibbing or Duluth via state highways.
The area is defined by its proximity to the Chippewa National Forest, numerous lakes, and outdoor recreational opportunities like hunting, fishing, and snowmobiling.
The rental market is limited and primarily consists of single-family homes or seasonal cabins with low turnover.
The local economy is heavily reliant on natural resources, forestry, and public sector employment within the surrounding counties.
Assessments are conducted by the respective county assessors in Saint Louis and Itasca counties.
Parcels are subject to local school district levies and county-wide emergency service districts.
Insurance premiums are influenced by rural fire protection ratings and regional weather-related hazard exposure.
Data retrieved from Census Bureau ZCTA-level tables.
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.
- McCarthy Beach State Park4.712 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Expansive public land offering extensive trails and water access.
Numerous local lakes providing fishing and boating opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.