The story of this market
The typical home in ZIP 56440 sells for about $215,000, or $142 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $813 a month.
ZIP 56440 — Clarissa
The housing market in 56440 is characterized by extremely low inventory and minimal sales activity, typical of a remote rural area. Prices have seen modest year-over-year growth, reflecting broader regional trends rather than local demand spikes. The market remains stable with little pressure for rapid change.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and individuals employed in local resource-based industries.
Median prices moved up 2.4% year over year.
Homes spend a median of 94 days on market with 2.0 months of supply — a balanced-paced market.
0% 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 4.2% · poverty 20.3% — 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 4.5%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56440, Cass 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.
Local schools are primarily served by rural district structures with limited comparative data available.
The area is subject to standard Midwestern climate risks including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas.
Economic momentum is driven by local agriculture, forestry, and small-scale service industries with limited large-scale commercial development.
Property taxes are assessed at the county level based on market value; local school district levies constitute the primary component of the tax bill.
Commutes are primarily car-dependent, involving travel on state highways to reach regional employment hubs.
The area offers access to outdoor recreation including fishing, hunting, and local park facilities typical of the North Central Minnesota region.
The rental market is characterized by low inventory and limited turnover, primarily serving local workforce needs.
The economy is anchored by forestry, agriculture, and tourism-related services.
Transportation is entirely reliant on private vehicle use via state and county road networks.
No major commercial or residential developments are currently reported for this rural ZIP code.
The Cass County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to county, township, and local school district taxation.
Property insurance premiums are influenced by regional wildfire and severe weather risk profiles.
Data retrieved from US 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.
Provides extensive outdoor recreation and wilderness access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.