The story of this market
The typical home in ZIP 55734 sells for about $169,900, or $124 per square foot.
Prices are down 26.77% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $915 a month.
ZIP 55734 — Eveleth
The 55734 housing market is currently experiencing a correction in median listing prices following a period of rapid growth. Inventory remains tight, and the market is driven by local demand rather than speculative investment. Buyers are finding more negotiation room as days on market have increased compared to the previous year.
This ZIP is well-suited for budget-conscious family buyers and local workers seeking affordable housing in a small-town setting. It is less attractive to investors looking for high-growth appreciation or urban-style amenities.
Median prices moved down 26.8% year over year.
Homes spend a median of 48 days on market with 9.2 months of supply — a balanced-paced market.
13% 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 3.9% · poverty 13.0% — 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 4.8%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 55734, 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.
Crime rates in Eveleth are generally lower than the national average, with property crime being the most frequently reported incident type. The area remains consistent with regional trends for small-town St. Louis County.
Schools serving the area are part of the Rock Ridge Public Schools district, which provides standard K-12 education services for the Iron Range region.
The area faces typical northern Minnesota climate risks, including heavy winter snowfall and occasional severe wind events. Flood risk is generally low, though localized drainage issues can occur in older residential sections.
Economic momentum is tied to the regional Iron Range mining and healthcare sectors. Development is currently focused on maintaining existing infrastructure rather than large-scale new construction.
Property taxes are assessed by St. Louis County based on market value, with rates influenced by local school district levies and municipal requirements. No special MUD or PID districts are prevalent in this residential core.
Commuting is primarily car-dependent, with residents traveling via US-53 toward Virginia or Duluth for employment. Public transit options are limited to regional bus services.
The area offers immediate access to outdoor recreation, including proximity to several Iron Range lakes, local parks, and snowmobile trails. Shopping and dining are concentrated in the downtown Eveleth and nearby Virginia corridors.
The rental market is characterized by low inventory and high demand for affordable housing, with limited turnover in the existing stock. Short-term rentals are present but not a dominant market force.
The economy is anchored by the regional mining industry, healthcare services, and public sector employment. It serves as a residential hub for workers in the broader Iron Range area.
Transportation is dominated by private vehicle use along the US-53 corridor. Regional transit provides limited connectivity to neighboring cities.
Development is focused on small-scale infill and municipal infrastructure maintenance. No major large-scale commercial projects are currently active.
St. Louis County Assessor manages property valuations, utilizing a mass appraisal system based on annual market sales analysis.
Parcels are subject to Rock Ridge Public Schools (ISD 2909) and St. Louis County tax levies.
Property insurance premiums are stable but reflect regional risks associated with severe winter weather and fire hazards in wooded areas.
Net domestic migration is generally flat, with a balance between retirees and families moving for regional employment.
Minnesota is a judicial foreclosure state, requiring court action to initiate the process, with a statutory redemption period for homeowners.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from data.census.gov ZCTA 55734 profile.
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.
- Sax-Zim Bog4.710.7 mi
- United States Hockey Hall of Fame4.77.8 mi
- Leonidas Overlook4.67.9 mi
- Olcott Park4.611.9 mi
- Cinema 6 Theatre4.411.5 mi
- United States Hockey Hall of Fame4.77.8 mi
- Sax-Zim Bog4.710.7 mi
- Iron Range Off-Highway Vehicle State Recreation Area4.88.4 mi
- Olcott Park4.611.9 mi
- Eveleth Veterans Park-Campground4.65.2 mi
- Virginia Golf Course412.5 mi
- L&M Fleet Supply4.511.8 mi
- Uptown Virginia3.510.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Historic indoor ice arena and home to local hockey.
National landmark attraction located within the city.
Scenic overlook providing views of historic mining operations.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.