The story of this market
The typical home in ZIP 56359 sells for about $325,000, or $178 per square foot.
Prices are up +4.2% 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 $863 a month.
ZIP 56359 — Onamia
The housing market in 56359 remains stable, driven by consistent demand for lake-adjacent properties and rural residential living. While inventory is limited, price growth has moderated compared to previous years, reflecting a balanced market environment. Buyers are primarily focused on lifestyle-oriented purchases, keeping the market resilient despite broader economic shifts.
This ZIP is ideal for outdoor enthusiasts, retirees, and families seeking a quiet, lake-oriented lifestyle. It is less suited for those requiring proximity to major urban employment centers or extensive public transit.
Median prices moved up 4.2% year over year.
Homes spend a median of 84 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.4% · poverty 20.1% — a mixed stability 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 7.8%/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 6.6%/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 56359, Mille Lacs 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 Onamia area are generally low and consistent with rural Minnesota trends, with property crime being the primary concern. Regional comparisons indicate lower violent crime rates than the state average.
Schools serving the area are part of the Onamia Public School District, which provides standard K-12 education with a focus on community-integrated learning. Performance metrics are generally stable but reflect the challenges of a smaller, rural district.
The area faces moderate risks related to severe winter weather and occasional high winds. Flood risk is primarily concentrated near the Mille Lacs Lake shoreline, and property insurance premiums are influenced by these environmental factors.
Economic momentum is driven by tourism related to Mille Lacs Lake and local service industries. Infrastructure development is focused on maintaining regional highway access and supporting seasonal visitor traffic.
Property taxes are assessed at the county level by Mille Lacs County, utilizing a market-value based system. Tax rates include levies for the school district, county operations, and local township or city services.
Commuting is primarily car-dependent, with residents traveling to nearby employment hubs like Milaca or St. Cloud via state highways. Public transit options are extremely limited in this rural geography.
The area is anchored by Mille Lacs Lake, offering premier fishing, boating, and ice fishing opportunities. Nearby amenities include public parks, golf courses like the one at Izatys Resort, and local dining establishments.
The rental market is characterized by low inventory and high demand from seasonal workers and long-term residents. Vacancy pressure remains tight due to limited new multi-family construction.
The economy is heavily reliant on tourism, hospitality, and local government services. Major employers include the Mille Lacs Band of Ojibwe and local school districts.
Transportation is dominated by personal vehicle use on state highways such as US-169. There is no significant public transit infrastructure serving the area.
Development is largely focused on small-scale residential infill and improvements to existing recreational facilities. No major large-scale commercial projects are currently reported.
The Mille Lacs County Assessor manages property valuations, conducting periodic reviews to ensure assessments align with market trends.
Parcels are subject to school district levies, county taxes, and specific township or municipal service districts.
Property insurance costs are stable but sensitive to regional weather patterns, particularly wind and winter storm damage risks.
Data retrieved from data.census.gov ZCTA 56359 profile.
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.
A major regional destination for fishing, boating, and recreation.
Offers extensive hiking, camping, and historical interpretive trails.
A prominent local golf facility serving the resort and residential community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.