The story of this market
The typical home in Itasca County, Minnesota sells for about $275,090, or $185 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. Over the long run, values in this county have grown 90% since 2000. Last year 10 of 20 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is cold wave, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,164 a month.
HUD sets the fair market rent for a 2-bedroom at $1,164 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+14.2%). Worst: 2010 (-4.6%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,509
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 20 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
57
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $31,368,771.
Mortgage activity
Home lending in this county
81.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1774 | 1015 | 81.3% | 3.2% | $185,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Itasca County, Minnesota
Itasca County's housing market is characterized by a significant supply-demand imbalance, with a documented need for over 900 new units. While prices have seen steady year-over-year growth, active development projects and public-private partnerships are beginning to address the workforce housing shortage, supporting a positive outlook for the region's economic future.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 15.6% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 10 cities · 16 ZIP reports
Median prices moved down 7.9% year over year.
Homes spend a median of 139 days on market with 2.9 months of supply — a balanced-paced market.
30% of listings have cut prices · homes sell at 98.35% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 10.5% — a stable, low-distress profile.
Deterministic aggregate of 4 researched ZIP reports of 5 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Itasca County, Minnesota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 23
researched Sep 23
researched Sep 23
researched Sep 23
researched Sep 23
researched Sep 23
researched Sep 23
researched Oct 16
researched Sep 23
researched Sep 23
| 55708 | Bigfork | $140,000 | $216 | +22.6% | 37 | 96% | — | — | 10 | $827 | researched Sep 23 |
| 55709 | Bovey | $281,939 | $263 | -9.3% | 157 | 98.5% | 35.5% | 3.2 | 69 | $981 | researched Sep 23 |
| 55722 | Coleraine | $210,087 | $115 | +2.8% | 110 | 98% | — | 4 | 12 | $683 | researched Sep 23 |
| 55736 | Deer River | $235,000 | $115 | — | 108 | 95% | — | — | 23 | $690 | researched Sep 23 |
| 55744 | Grand Rapids | $323,000 | $185 | +4.2% | 45 | 97.5% | 12% | 4.1 | 113 | $1,092 | researched Sep 23 |
| 55748 | Hill City | $149,000 | $106 | -0.7% | 42 | 97.3% | — | — | 82 | $765 | researched Sep 23 |
| 55753 | Keewatin | $290,000 | $186 | +5.5% | 20 | — | — | — | — | $932 | researched Sep 23 |
| 55760 | McGregor | $261,700 | $135 | +2.4% | 112 | 96.5% | 12% | 8.4 | 48 | $950 | researched Oct 16 |
| 55769 | Nashwauk | $316,000 | $186 | +9% | 41 | 97.6% | 16.1% | 1.8 | 63 | $777 | researched Sep 23 |
| 55771 | Orr | $392,000 | $178 | +42.3% | 21 | 101.1% | — | 1 | 2 | $757 | researched Sep 23 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Itasca County remain generally low and consistent with rural northern Minnesota trends, with property crime being the primary concern in larger hubs like Grand Rapids.
Schools in the county are primarily served by Independent School District 318, which maintains a stable reputation for providing core educational services across a large geographic area.
The region faces standard northern climate risks including heavy winter snowfall and seasonal wildfire potential in forested areas, with flood risks concentrated near the Mississippi River and major lakes.
Economic momentum is driven by the timber, mining, and tourism sectors, with significant recent focus on addressing a 900-unit housing shortage through new developments like Foxhaven and Mill + Miss.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
The county is a premier destination for Northwoods recreation, featuring extensive access to the Mississippi River, thousands of lakes, and the Edge of the Wilderness Scenic Byway for hiking and snowmobiling.
The rental market is currently tight with high demand for workforce and senior housing, prompting local HRA initiatives to preserve existing affordable units and incentivize new construction.
The economy is anchored by natural resource industries, including forestry and mining, with growing efforts to diversify through tourism and public-private housing development partnerships.
Transportation is primarily served by a network of state highways and county roads, with Grand Rapids serving as the central hub for regional logistics and transit.
The Itasca County Assessor's office manages property valuations, with assessments conducted annually to reflect market conditions and state-mandated classification standards.
The county is served by various special districts, including the Itasca County Housing & Redevelopment Authority and regional watershed districts for flood control.
Property insurance premiums are influenced by the region's rural nature and wildfire risk, with market health remaining stable but sensitive to national reinsurance trends.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Provides extensive fishing, boating, and scenic opportunities that define the county's outdoor character.
A 47-mile route through the Chippewa National Forest offering premier hiking, biking, and wildlife viewing.
A major local anchor that supports regional economic development and community infrastructure projects.
Data retrieved from Census Reporter and ACS 2024 profiles.
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.
applies when — Property containing a homestead subject to foreclosure
The mortgagor has the right to designate a portion of the property as a homestead to be sold and redeemed separately, provided it conforms to local zoning and is compact.
Minnesota Statutes 582.041
applies when — Parcels designated as condominium units
Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units.
Minnesota Statutes 515A.1-105
Allows non-judicial foreclosure. Requires notice of sale to be mailed to the mortgagor at least 14 days before the sale date and published in a newspaper. Mortgagors have specific redemption rights following the sale.
Minnesota Statutes Chapter 580
Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.25% for value exceeding $500,000.
2021 Classification Rate Table, Minnesota Department of Revenue
≈ $2,751/yr on a $275,090 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.