The story of this market
The typical home in ZIP 58474 sells for about $209,000, or $108 per square foot.
Prices are roughly flat from a year ago (-1%), a market in balance. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $879 a month.
ZIP 58474 — Oakes
The housing market in 58474 is characterized by low inventory and modest price growth, reflecting a stable but slow-moving rural economy. While prices remain accessible compared to national averages, the limited volume of sales suggests a market driven primarily by local needs rather than speculative investment.
This ZIP is best suited for local agricultural workers, families seeking a quiet rural lifestyle, and budget-conscious buyers looking for affordable entry-level housing.
Median prices moved down 1.0% year over year.
Homes spend a median of 112 days on market with 4.7 months of supply — a slower-moving market.
12% 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 10.8% — 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 5.0%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58474, Dickey County ND
The area is served by Oakes Public School District, which maintains a stable reputation within the rural North Dakota educational landscape.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk primarily localized to low-lying areas near the James River.
The local economy is anchored by agriculture and regional manufacturing, with steady but modest development momentum focused on maintaining existing infrastructure.
Property taxes are assessed at the county level by Dickey County based on true and full value, with mill rates determined by local school districts and municipal budgets.
Commuting is primarily car-dependent, with residents typically traveling to local employment hubs within Oakes or neighboring towns via regional highway corridors.
Local amenities include Oakes City Park and nearby access to the James River for outdoor activities, with basic retail and dining options concentrated in the downtown area.
The rental market is characterized by low turnover and limited inventory, with demand driven primarily by local workforce needs.
The economy is heavily reliant on the agricultural sector, including crop production and livestock, supported by local manufacturing and service businesses.
Transportation is dominated by private vehicle use, with ND-1 and ND-11 serving as the primary regional transit arteries.
Development is currently focused on small-scale residential maintenance and local infrastructure improvements.
The Dickey County Director of Tax Equalization oversees the assessment process, ensuring properties are valued according to state-mandated agricultural and residential guidelines.
Parcels are subject to Oakes Public School District levies and local municipal taxes.
Property insurance premiums are generally stable but reflect regional exposure to severe weather events common in the Northern Plains.
North Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects.
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.
Primary community green space for recreation and events.
Provides local fishing and outdoor access points.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.