The story of this market
The typical home in ZIP 58259 sells for about $125,000, or $78 per square foot.
Prices are up +2.4% 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 $1,000 a month.
ZIP 58259 — Michigan
The housing market in 58259 is characterized by low inventory and very slow turnover, typical of a small, rural North Dakota community. Prices remain stable with modest growth, driven by limited supply rather than high demand. The market is currently balanced for local residents, with little speculative activity.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including agricultural workers and retirees looking for affordable housing in a small-town setting.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 8.2 months of supply — a slower-moving market.
0% 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 1.8% · poverty 5.9% — 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 2.7%/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 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58259, Nelson County ND
The area is served by the Lakota Public School District, which provides rural K-12 education for the region.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with low flood risk in the immediate town center.
The local economy is primarily driven by agriculture and regional support services, with limited new commercial development.
Property taxes are assessed at the county level by Nelson County, with rates determined by local school district and municipal levies.
Commutes are primarily by private vehicle, with residents traveling to nearby regional hubs like Devils Lake or Grand Forks for employment.
Local recreation is centered on outdoor activities, including proximity to regional lakes and rural park spaces.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and stable, modest rent levels.
The economy is heavily reliant on the agricultural sector, with support from local government and small-scale retail services.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently in the pipeline for this rural area.
Nelson County assesses property values based on agricultural productivity and market-based residential valuations.
Parcels are subject to county, township, and Lakota Public School District tax levies.
Property insurance is generally available, though premiums are influenced by regional exposure to severe weather events.
North Dakota utilizes a judicial foreclosure process.
Sellers are required to provide a property condition disclosure statement to buyers.
Data retrieved from US Census Bureau ZCTA 58259 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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.