The story of this market
The typical home in ZIP 58040 sells for about $228,000, or $99 per square foot.
Prices are up +116.7% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $905 a month.
ZIP 58040 — Gwinner
The Gwinner housing market is experiencing significant price volatility due to low inventory and a small sample size of recent sales. While median prices have surged year-over-year, the market remains affordable compared to national averages, driven by steady demand from local manufacturing workers. Current conditions reflect a tight supply environment with limited new construction activity.
This ZIP code is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and proximity to local manufacturing employment.
Median prices moved up 116.7% year over year.
Homes spend a median of 48 days on market with 2.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 7.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 58040, North Dakota
The area is served by the Sargent Central Public School District, which provides local K-12 education.
The region is subject to standard North Dakota climate risks, including severe winter weather and potential for high winds; flood risk is localized.
The local economy is anchored by manufacturing and agricultural support, with Bobcat Company serving as a major regional employer in Gwinner.
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).
The area is rural and car-dependent, with residents typically commuting to local employment hubs within Sargent County.
Local amenities include access to outdoor recreation such as hunting, fishing, and community parks, with limited retail and dining options within the immediate vicinity.
The rental market is limited in depth, primarily consisting of single-family homes with low vacancy pressure and minimal short-term rental activity.
The economy is heavily influenced by the manufacturing sector, specifically heavy equipment production, alongside traditional agricultural operations.
Transportation is entirely reliant on private vehicle use via state highways; there is no public transit infrastructure.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
Sargent County assesses property based on market value, with agricultural land valued according to its productivity.
Parcels are subject to Sargent Central Public School District levies and county-wide special assessments.
Property insurance premiums are influenced by regional exposure to severe convective storms and winter weather events.
North Dakota is a judicial foreclosure state, requiring court action to initiate the foreclosure process.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from U.S. Census Bureau ACS 2023 estimates for ZCTA 58040.
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.
A notable regional landmark commemorating the 1863 battle.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.