The story of this market
The typical home in ZIP 55302 sells for about $364,900, or $221 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,050 a month.
ZIP 55302 — Annandale
The Annandale housing market remains stable, driven by steady demand for single-family homes and its appeal as a recreational destination. While inventory is limited, new construction projects are helping to meet buyer needs, though high interest rates continue to influence overall sales volume.
This ZIP is ideal for families seeking a quiet, lake-oriented lifestyle and retirees, though it is less suitable for those requiring a short commute to major urban employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 84 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 6.2% — 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 6.0%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55302, Wright 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 Annandale are generally low, consistent with rural and small-town Minnesota trends, and are considered safer than the state average.
The area is served by Annandale Public Schools, which maintains a solid reputation for academic performance and community engagement within the region.
The area faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risks primarily localized near the numerous area lakes.
Growth is driven by residential expansion and its status as a recreational hub, with limited large-scale industrial development and a focus on maintaining small-town character.
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.
Commuting to the Minneapolis-St. Paul employment core typically involves a 60-90 minute drive via MN-55, as there is no direct public transit link.
The area is defined by its 'Heart of the Lakes' identity, featuring numerous lakes like Lake John and Pleasant Lake, alongside local parks and golf courses.
The rental market is characterized by low vacancy rates and limited inventory, with demand driven by seasonal residents and local workers.
The local economy is supported by small businesses, agriculture, and the tourism/recreation sector, with many residents commuting to the Twin Cities metro area.
Transportation is heavily reliant on private vehicles, with MN-55 serving as the primary arterial route for regional connectivity.
Development is focused on managed residential growth and infrastructure improvements to support the expanding population.
Wright County Assessor manages property valuations based on market-value assessments conducted annually.
Parcels are subject to Annandale Public School District levies and Wright County special service districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in central Minnesota.
Data retrieved from US Census Bureau ZCTA profile for 55302.
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.
Popular destination for fishing and boating.
Central community park with recreational facilities.
Public 18-hole course serving the local area.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).