The story of this market
The typical home in ZIP 58251 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 58251 — Lakota
The housing market in 58251 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and those seeking affordable housing within commuting distance of Grand Forks, resulting in a balanced but slow-moving market.
This ZIP is best suited for families and individuals seeking a quiet, small-town lifestyle with affordable housing, while remaining within commuting distance of larger employment hubs.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 4.7 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 2.1% · poverty 5.4% — 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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58251, Grand Forks County ND
Crime rates in Larimore are generally low, consistent with small-town North Dakota trends and significantly lower than national urban averages.
The area is served by the Larimore Public School District, which is generally regarded as a stable, community-focused educational environment.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is generally low but localized to specific drainage areas.
Economic momentum is driven by regional agriculture and proximity to Grand Forks, with steady but modest development activity.
Property taxes are assessed at the county level based on true and full value, with local school district and municipal levies determining the final effective rate.
Commuting is primarily car-dependent, with residents typically driving to Grand Forks for major employment and retail services.
Local amenities include community parks and proximity to regional outdoor recreation areas, with basic shopping and dining available within the city.
The rental market is limited in depth, characterized by low turnover and primarily consisting of single-family homes or small multi-family units.
The local economy is anchored by agriculture and small-scale local services, with significant reliance on the broader Grand Forks labor market.
Transportation is almost exclusively via private vehicle, with US Highway 2 serving as the primary corridor for regional access.
Development is limited to small-scale residential infill and minor commercial improvements.
The Grand Forks County assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide service districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common to the Northern Plains.
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.
- Turtle River State Park4.78.8 mi
- Turtle River State Park4.78.8 mi
- Grand Forks International Airport4.423.5 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 recreational facilities.
Small local course serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.