The story of this market
The typical home in ZIP 58032 sells for about $141,000, or $86 per square foot.
Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,010 a month.
ZIP 58032 — Forman
The housing market in 58032 is characterized by low transaction volume and stable, affordable pricing. With a median home value of $163,200 and limited new construction, the market remains quiet with little year-over-year price volatility. Most data points, including sales counts and permit activity, reflect a rural community with minimal growth pressure.
This ZIP is best suited for local agricultural workers, retirees, or families seeking a quiet, low-cost rural lifestyle with established housing stock and a strong sense of community.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 38 days on market with 3.0 months of supply — a fast-moving market.
9% of listings have cut prices · homes sell at 93.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.8% · poverty 7.7% — a stable, low-distress profile.
ZCTA 58032, Sargent County, ND
The area maintains a consistent safety profile with a regional safety score of 53, indicating stable conditions relative to surrounding rural North Dakota communities.
Public education is provided by the Sargent Central School District, which serves the local community with a focus on small class sizes and rural educational standards.
The area is primarily exposed to standard Midwestern weather risks, including wind and occasional severe storms; flood risk is generally low, and property insurance remains standard for the region.
Economic momentum is driven by local agriculture and small-scale professional services, with limited new residential development activity reported in recent years.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (North Dakota) — Homestead Property Tax Credit: Provides a reduction in property tax liability based on income brackets, effectively lowering the tax burden for eligible homeowners. State (North Dakota) — Ad Valorem Property Tax: Tax is calculated by multiplying the taxable value by the total millage rate. Taxable value is 4.5% of the true and full (market) value. Formula: (Market Value * 0.50 * 0.09) * (Mills / 1000) or more simply (Market Value * 0.045) * (Mills / 1000).
Commuting is primarily car-dependent, with residents traveling to nearby regional hubs for employment; there is no public transit infrastructure serving this rural ZIP code.
Recreational amenities are limited to local community parks and open spaces typical of rural North Dakota, with access to regional outdoor activities in the surrounding Sargent County area.
The rental market is characterized by low inventory and stable demand, with HUD-defined fair market rents for a two-bedroom unit at $1,010 as of FY 2027.
The local economy is anchored by the agricultural sector, with support from small-scale retail and professional services in the city of Forman.
Transportation is entirely reliant on private vehicles, with no public transit or major highway corridors passing through the immediate area.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP code.
Sargent County manages property assessments, maintaining valuations based on local market data and state-mandated agricultural and residential assessment guidelines.
Parcels are subject to standard county and school district levies, with no significant MUD or PID special districts reported.
Property insurance premiums are consistent with rural North Dakota, reflecting moderate risk profiles for wind and storm damage.
Data retrieved from Census Bureau ZCTA-level tables and local municipal reports.
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. Source: NCES EDGE public school locations 2023-24.
Hosts local events and community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.