The story of this market
The typical home in ZIP 55792 sells for about $235,000, or $148 per square foot.
Prices are up +17.53% 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 $799 a month.
ZIP 55792 — Virginia
The 55792 housing market is experiencing steady price appreciation driven by limited inventory and consistent local demand. While sales volume remains modest, the market is characterized by competitive bidding for well-maintained properties. The overall outlook remains stable as the local economy continues to rely on established healthcare and industrial sectors.
This ZIP is well-suited for families and local workers seeking affordable housing with access to outdoor amenities. It is less attractive to urban commuters due to the distance from major metropolitan employment hubs.
Median prices moved up 17.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 16.8% — 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.
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 5.3%/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 55792, 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 the Virginia/St. Louis County 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 safer than larger urban centers in Minnesota.
Schools serving the 55792 area are part of the Virginia Public Schools district, which generally maintains moderate performance ratings. The district focuses on small-town community engagement and vocational preparation.
The region faces moderate risks from winter weather events and occasional heavy spring snowmelt, which can impact local drainage. Wildfire risk is generally low due to the surrounding boreal forest management practices.
Economic momentum is driven by regional healthcare, mining, and public sector employment. Infrastructure development is focused on maintaining regional connectivity to the Iron Range and Duluth hubs.
Property taxes are assessed by St. Louis County based on market value, with rates influenced by local school district levies and municipal service requirements. Homestead exemptions are available for primary residences to reduce the effective tax burden.
Commuting is primarily car-dependent, with residents traveling along US-53 toward regional employment centers in Virginia and Hibbing. Public transit options are limited, consisting mainly of local bus services.
The area offers extensive access to outdoor recreation, including proximity to the Mesabi Trail, numerous lakes for fishing and boating, and local community parks. Shopping and dining are concentrated in the downtown Virginia area.
The rental market is characterized by steady demand from local workers and students, with limited new multi-family construction. Vacancy rates remain low, and short-term rentals are present but not dominant.
The economy is anchored by the healthcare sector, mining operations, and regional government services. It serves as a commercial hub for the surrounding Iron Range communities.
Development is primarily focused on small-scale residential infill and commercial revitalization in the downtown core.
Parcels are subject to St. Louis County property taxes and the Virginia Public Schools district levy.
Property insurance premiums are influenced by regional weather risks, including heavy snow loads and potential wind damage.
Data retrieved from data.census.gov ZCTA 55792 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.
- Fortune Bay Resort Casino417.1 mi
- Valentini's Supper Club4.519.2 mi
- Giants Ridge Recreation Area4.69.4 mi
- United States Hockey Hall of Fame4.78.9 mi
- Olcott Park4.65.3 mi
- Leonidas Overlook4.69.7 mi
- Cinema 6 Theatre4.46.6 mi
- United States Hockey Hall of Fame4.78.9 mi
- Minnesota Museum of Mining4.619.7 mi
- Giants Ridge Recreation Area4.69.4 mi
- Iron Range Off-Highway Vehicle State Recreation Area4.88.5 mi
- Olcott Park4.65.3 mi
- Biwabik Campground on Vermilion Trail4.39.4 mi
- Eveleth Veterans Park-Campground4.611.2 mi
- Giants Ridge Recreation Area4.69.4 mi
- The Quarry at Giants Ridge4.510.7 mi
- Virginia Golf Course44.9 mi
- L&M Fleet Supply4.56.5 mi
- Uptown Virginia3.56.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional paved trail system for cycling and hiking.
A local public course serving the community.
A central community park with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.