The story of this market
The typical home in ZIP 56472 sells for about $485,000, or $298 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $878 a month.
ZIP 56472 — Pequot Lakes
The 56472 housing market remains stable with solid demand for recreational and primary residential properties. While inventory is constrained, the market is supported by consistent interest in the lake-country lifestyle, keeping prices firm despite broader national economic headwinds.
This ZIP is ideal for families seeking a recreational lifestyle, retirees looking for lakefront living, and investors targeting the robust vacation rental market.
Median prices moved up 2.1% year over year.
Homes spend a median of 52 days on market with 6.2 months of supply — a balanced-paced market.
24% 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 6.0% · poverty 6.0% — 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 9.5%/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 8.3%/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 56472, 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.
Crime rates in the Pequot Lakes area are generally low, consistent with rural Cass County trends and significantly below national averages.
The area is served by the Pequot Lakes School District, which maintains a strong reputation for academic performance and community engagement.
The region faces moderate wildfire risk due to dense forest cover and seasonal flood risks near the numerous lakes, requiring standard property insurance coverage.
Economic momentum is driven by the tourism and recreation sectors, with ongoing development focused on seasonal housing and small-scale commercial infrastructure.
Property taxes are assessed at the county level by Cass County, with rates determined by local school district levies and municipal assessments; no state-level property tax exists.
Commuting is primarily car-dependent, with residents traveling along Highway 371 toward Brainerd or Baxter for major employment and services.
The area is a premier destination for outdoor recreation, featuring extensive access to the Whitefish Chain of Lakes, numerous golf courses, and regional trail systems.
The rental market is tight with high demand for seasonal and short-term vacation rentals, limiting long-term housing availability for local workers.
The economy is heavily reliant on tourism, hospitality, and seasonal retail, supported by local government and small business services.
Public transit is limited; the area relies on private vehicle transport via Highway 371.
Development is focused on low-density residential expansion and improvements to recreational infrastructure.
Cass County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Pequot Lakes School District levies and local township or municipal utility assessments.
Property insurance premiums are influenced by regional wildfire and water-damage risk profiles.
Minnesota has seen stable domestic migration with a trend toward exurban and recreational areas.
Minnesota is a judicial foreclosure state with specific notice and redemption periods for homeowners.
Sellers are required to provide a comprehensive disclosure statement regarding the physical condition of the property.
Data retrieved from 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.
A major regional attraction for boating, fishing, and recreation.
Part of the regional trail system connecting local communities.
Multiple public-access courses serving the seasonal tourist population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.