The story of this market
The typical home in ZIP 55744 sells for about $323,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,092 a month.
ZIP 55744 — Grand Rapids
The housing market in 55744 remains stable with steady demand for single-family homes, particularly those with lake access. Prices have seen moderate year-over-year growth, supported by limited inventory and consistent interest from local buyers. The market is currently balanced, though seasonal fluctuations in inventory are expected.
This ZIP code is ideal for families and outdoor enthusiasts who prioritize access to nature and a slower pace of life. It is less suited for those requiring high-density urban amenities or public transit-dependent commutes.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 4.1 months of supply — a fast-moving 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 4.4% · poverty 10.9% — 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 6.4%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55744, Itasca 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 the Grand Rapids area are generally lower than the national average, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safe relative to larger urban centers in Minnesota.
Schools serving the 55744 ZIP code are primarily part of the Grand Rapids Public Schools district, which is generally regarded as providing a solid educational foundation with a focus on community-integrated learning.
The area faces moderate risks related to winter weather and seasonal flooding near the Mississippi River and local lakes. Property insurance premiums are influenced by these environmental factors and the prevalence of wooded terrain.
Economic momentum is driven by the timber, tourism, and healthcare sectors, with major employers including local medical centers and regional manufacturing facilities. Infrastructure development is focused on maintaining access to the Iron Range and surrounding recreational areas.
Property taxes are assessed at the county level in Itasca County, with rates determined by local school district levies and municipal requirements. Minnesota provides a homestead credit for owner-occupied primary residences, which can reduce the effective tax burden for qualifying homeowners.
Commuting is primarily car-dependent, with residents traveling along US Highway 169 and Minnesota State Highway 2 to reach employment hubs in Grand Rapids and nearby Iron Range communities.
The area is a hub for outdoor recreation, featuring immediate access to numerous lakes, the Mississippi River, and extensive trail systems for hiking, snowmobiling, and cross-country skiing. Shopping and dining are concentrated in the central Grand Rapids district.
The rental market is characterized by low vacancy rates and limited inventory, with demand driven by seasonal workers and those relocating for regional industry jobs. Short-term rentals are common near the lakes, impacting long-term housing availability.
The economy is anchored by healthcare, education, and the natural resource sector, including forestry and mining support services. It serves as a regional service center for the surrounding Itasca County area.
Transportation is dominated by private vehicle use, with US Highway 169 serving as the primary artery for regional connectivity. Public transit options are limited to local dial-a-ride services.
Development is largely focused on infill residential projects and the expansion of recreational infrastructure to support the local tourism economy.
Itasca County Assessor manages property valuations, utilizing a mass appraisal system that is updated annually to reflect market conditions.
Parcels are subject to Itasca County levies, Grand Rapids ISD 318 taxes, and various local utility and fire district assessments.
Property insurance markets are stable but sensitive to wildfire risk in heavily forested areas and water damage risks near the river and lakefronts.
Data retrieved from data.census.gov ZCTA 55744 profile 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.
- Sugar Lake Lodge4.79.1 mi
- Rapids Brewing Company4.78.2 mi
- Itasca County Fairgrounds4.39 mi
- Judy Garland Museum4.66.4 mi
- Reif Performing Arts Center4.69.3 mi
- Manns Cinema 84.26.6 mi
- Gunn Park4.512.2 mi
- Veterans Memorial Park4.67.7 mi
- Judy Garland Museum4.66.4 mi
- Forest History Center4.88.6 mi
- Reif Performing Arts Center4.69.3 mi
- Tioga Mountain Bike Trailhead #14.99.5 mi
- Mesabi Bike Trailhead4.59.1 mi
- Gunn Park4.512.2 mi
- Veterans Memorial Park4.67.7 mi
- Portage Park4.510.8 mi
- Sugar Lake Lodge4.79.1 mi
- Pokegama Golf Course4.47.4 mi
- Eagle Ridge Golf Course4.510.9 mi
- L&M Fleet Supply4.57 mi
- Central Square Mall3.88.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major recreational lake offering boating, fishing, and swimming access.
Provides scenic trails and water-based recreation opportunities.
The primary hub for local retail, dining, and professional services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.