The story of this market
The typical home in ZIP 58240 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $770 a month.
ZIP 58240 — Hatton
The housing market in 58240 is characterized by low inventory and slow turnover, typical of a small, rural North Dakota community. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and strong community ties.
Median prices moved up 2.8% year over year.
Homes spend a median of 94 days on market with 6.0 months of supply — a slower-moving market.
8% 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 1.4% · poverty 5.0% — 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 3.6%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58240, North Dakota
Hatton Public School serves the area, generally characterized by small class sizes and community-focused educational programming typical of rural North Dakota.
The area faces standard regional risks including severe winter weather and occasional high winds; flood risk is generally low but varies by proximity to local drainage basins.
The local economy is primarily driven by agriculture and regional services, with limited large-scale industrial development or major corporate infrastructure projects.
Property taxes are assessed at the county level based on true and full value, with exemptions available for primary residences and agricultural land.
Commutes are primarily by private vehicle, with residents typically traveling to nearby regional hubs like Grand Forks for major employment and services.
Local amenities include community parks and access to rural outdoor activities; shopping and dining options are limited, requiring travel to larger neighboring towns.
The rental market is small and stable, primarily serving local workers and families with limited turnover and low vacancy pressure.
The economy is heavily reliant on the agricultural sector, including crop production and agribusiness services, with small-scale local retail and public services.
Transportation is almost exclusively via private vehicle, with access to regional highways connecting to Grand Forks and Fargo.
There are no major large-scale commercial or residential developments currently approved or under construction in the immediate area.
Parcels are subject to local school district taxes and county-level levies for emergency services and infrastructure maintenance.
Property insurance premiums are generally stable, reflecting the low-density rural environment and moderate hazard profile.
Data retrieved from data.census.gov 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.
Local green space for community events and recreation.
Seasonal public facility serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.