The story of this market
The typical home in ZIP 55732 sells for about $347,000, or $312 per square foot.
Prices are up +7.1% from a year ago, so sellers still have some momentum. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,188 a month.
ZIP 55732 — Embarrass
The housing market in the 55732 area shows steady price appreciation, driven by its unique status as a gateway to the Boundary Waters. Inventory remains limited, and the market is characterized by a mix of recreational and residential demand.
The area is primarily suited for outdoor enthusiasts, seasonal residents, and those seeking a remote, nature-oriented lifestyle.
Median prices moved up 7.1% year over year.
Homes spend a median of 67 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 14.0% — a stable, low-distress profile.
ZCTA 55732, 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 is subject to extreme cold, with record low temperatures historically recorded in the region.
Historically rooted in the iron ore mining industry, the area now serves as a gateway to the Boundary Waters Canoe Area Wilderness.
The area is a premier destination for outdoor recreation, including canoeing, hiking, and fishing, serving as a primary entry point to the Boundary Waters.
The local housing authority manages 120 public housing units, with waitlists currently closed.
The local economy is heavily influenced by tourism, outdoor recreation, and its historical connection to the Vermilion iron range.
Data sourced from Zillow and Wikipedia; specific ACS breakdown not available for this ZCTA.
- Fortune Bay Resort Casino414.7 mi
- Giants Ridge Recreation Area4.65 mi
- United States Hockey Hall of Fame4.717.7 mi
- Timber Bay Lodge & Houseboats4.715.6 mi
- Giants Ridge Recreation Area4.65 mi
- The Quarry at Giants Ridge4.56.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A vast wilderness area known for canoeing, hiking, and fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.