The story of this market
The typical home in ZIP 55741 sells for about $123,900, or $85 per square foot.
Prices are up +9.5% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $819 a month.
ZIP 55741 — Gilbert
The housing market in ZIP 55741 remains stable with modest price appreciation driven by limited inventory and steady local demand. While population trends show a slight decline, the affordability of the area continues to attract long-term residents and families. Market activity is characterized by low turnover and consistent, albeit slow, price growth.
This area is well-suited for families and retirees seeking an affordable cost of living, access to outdoor recreation, and a small-town community atmosphere.
Median prices moved up 9.5% year over year.
Homes spend a median of 87 days on market with 6.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.1% · poverty 8.3% — 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 3.9%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55741, St. Louis 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 the Hibbing area are generally lower than the national average, with property crime being the most frequently reported incident type.
Public schools in the area are primarily served by Hibbing Public Schools, which maintains a stable academic reputation within the Iron Range region.
The area faces standard regional risks including heavy winter snowfall and occasional severe wind events, with flood risk primarily concentrated near local water bodies.
Economic momentum is tied to the regional mining industry and healthcare services, with modest infrastructure maintenance projects ongoing.
Property taxes are assessed by St. Louis County based on market value, with rates influenced by local school district levies and municipal service requirements.
Commuting is primarily car-dependent, with most residents working within the immediate Hibbing area or commuting to nearby Iron Range employment hubs.
The area offers access to numerous local parks, proximity to northern Minnesota lakes for fishing and boating, and several community-focused golf and sports facilities.
The rental market is characterized by steady demand from local workers and retirees, with limited new multi-family construction keeping vacancy rates relatively low.
The economy is anchored by the mining industry, healthcare, and local government services, reflecting the broader Iron Range economic profile.
Transportation is dominated by private vehicle use, with limited public transit options available for regional connectivity.
Development is focused on small-scale residential infill and local commercial improvements rather than large-scale master-planned projects.
St. Louis County Assessor manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to Hibbing Public Schools district taxes and various local utility and municipal service district assessments.
Property insurance premiums are influenced by regional weather risks, including winter storm damage and wind exposure.
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.
- Giants Ridge Recreation Area4.68.1 mi
- United States Hockey Hall of Fame4.75.8 mi
- Olcott Park4.67.5 mi
- Leonidas Overlook4.67.4 mi
- Cinema 6 Theatre4.48.3 mi
- United States Hockey Hall of Fame4.75.8 mi
- Giants Ridge Recreation Area4.68.1 mi
- Iron Range Off-Highway Vehicle State Recreation Area4.81.8 mi
- Olcott Park4.67.5 mi
- Biwabik Campground on Vermilion Trail4.34.9 mi
- Eveleth Veterans Park-Campground4.65.7 mi
- Giants Ridge Recreation Area4.68.1 mi
- The Quarry at Giants Ridge4.56.7 mi
- Virginia Golf Course48 mi
- L&M Fleet Supply4.58.5 mi
- Uptown Virginia3.57.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Features trails and recreational space.
Public course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.