The story of this market
The typical home in ZIP 55722 sells for about $210,087, or $115 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 110 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $683 a month.
ZIP 55722 — Coleraine
The 55722 housing market is characterized by low inventory and slow turnover, with a median price of approximately $210,000. Market activity remains stable, driven by local demand in a rural Minnesota setting where affordability is a key factor for residents.
This ZIP is well-suited for budget-conscious buyers and those seeking a quiet, small-town lifestyle with proximity to the natural amenities of Northern Minnesota.
Median prices moved up 2.8% year over year.
Homes spend a median of 110 days on market with 4.0 months of supply — a balanced-paced market.
0% 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 0.8% · poverty 18.2% — a stable, low-distress profile.
ZCTA 55722, Itasca 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.
Property taxes in Coleraine are assessed at an effective rate of approximately 1.1%, consistent with local municipal and county levies.
Residents typically commute by personal vehicle to nearby employment hubs in Grand Rapids, with limited public transit options available.
The area features access to local lakes and outdoor recreational trails typical of the Itasca County region, with basic shopping available in Coleraine and nearby Grand Rapids.
The rental market is characterized by low vacancy pressure and a high share of single-unit housing, with median rents significantly lower than regional averages.
The local economy is primarily supported by regional services and industries centered in the broader Itasca County area.
Transportation is heavily reliant on private vehicle use via regional highway corridors connecting to Grand Rapids.
Itasca County manages property assessments with a focus on market-value parity for residential parcels.
Parcels are subject to standard municipal, county, and school district levies.
Data retrieved from US 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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.