The story of this market
The typical home in ZIP 56744 sells for about $145,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $446 a month.
ZIP 56744 — Oslo
The housing market in 56744 is characterized by low inventory and very limited sales volume, typical of a small rural agricultural community. Prices remain stable with modest year-over-year growth, driven by local demand rather than speculative investment. The market is currently balanced but stagnant due to the lack of new housing supply.
This ZIP is best suited for those seeking a quiet, rural agricultural lifestyle, including local farmers and those looking for affordable, low-density housing.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 6.0 months of supply — a slower-moving market.
15% 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 3.1% · poverty 2.6% — 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 4.8%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56744, Marshall 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.
The area is served by the Marshall County Central School District, which provides rural K-12 education.
The region is prone to seasonal flooding due to its proximity to the Red River of the North basin.
The local economy is primarily driven by agriculture and regional agribusiness, with limited new commercial development.
Property taxes are assessed at the county level in Marshall County, Minnesota, based on market value with standard state-level homestead exemptions.
Commutes are primarily by private vehicle, with residents traveling to nearby regional hubs like Grand Forks for employment.
Local recreation is centered on outdoor activities including hunting, fishing, and access to nearby wildlife management areas.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal investor activity.
The economy is heavily reliant on the agricultural sector, specifically grain production and related logistics.
Transportation is dominated by regional highway corridors; there is no public transit infrastructure.
No major commercial or residential developments are currently approved or under construction.
Marshall County Assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to Marshall County Central School District and local township levies.
Property insurance premiums are influenced by the area's flood risk profile within the Red River Valley.
Minnesota is a judicial foreclosure state with specific statutory redemption periods.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 56744 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.
- Stephen Community Center4.918.1 mi
- Grand Forks International Airport4.420.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.