The story of this market
The typical home in ZIP 56482 sells for about $229,000, or $149 per square foot.
Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $731 a month.
ZIP 56482 — Wadena
The housing market in 56482 is characterized by low inventory and moderate price stability, typical of a rural regional hub. With a median price of $229,000 and limited sales volume, the market remains balanced for local buyers. Current conditions are driven by steady demand from local residents and a lack of significant new speculative development.
This ZIP is well-suited for families and individuals seeking an affordable, small-town lifestyle with access to essential services and outdoor recreation.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 87 days on market with 6.0 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 13.3% — 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 6.7%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56482, Wadena 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 Wadena are generally low and consistent with rural Minnesota trends, though specific localized data is not determinable.
The area is served by Wadena-Deer Creek Public Schools, which provides standard K-12 education for the region.
The region faces typical Midwestern climate risks including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Leaf River.
Economic momentum is driven by local manufacturing, healthcare, and agricultural services, with steady but modest development activity.
Property taxes are assessed at the county level in Wadena County based on market value, with specific levies determined by local school district and municipal budgets.
Commutes are primarily car-dependent, with most residents working within Wadena or commuting to nearby regional hubs via US Highway 10 and US Highway 71.
The area features access to the Leaf River, local parks like Sunnybrook Park, and proximity to regional lakes and outdoor trails.
The rental market is characterized by limited inventory and steady demand, with few short-term rental pressures compared to urban centers.
The economy is anchored by healthcare, education, and manufacturing sectors, serving as a regional hub for Wadena County.
Transportation is dominated by private vehicle use, with US Highway 10 serving as the primary arterial corridor.
Development is focused on small-scale residential infill and local infrastructure maintenance.
Wadena County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Wadena-Deer Creek School District levies and local municipal utility assessments.
Property insurance premiums are generally stable, reflecting the low-hazard profile of the region.
Minnesota experiences modest net domestic migration, with rural areas like Wadena seeing stable population retention.
Minnesota is a judicial foreclosure state, requiring court action to initiate the process.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from US Census Bureau ACS and DHC 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.
Local park offering green space and recreational facilities.
Provides fishing and scenic outdoor access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.