The story of this market
The typical home in ZIP 58281 sells for about $212,000, or $85 per square foot.
Prices are up +32.4% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 58281 — Wales
The Walhalla housing market is characterized by low transaction volume and stable, modest pricing. While county-wide data shows a significant year-over-year price increase, this is largely driven by a small sample size of sales rather than broad market appreciation. The area remains a quiet, rural market with limited new development activity.
This area is best suited for budget-conscious buyers, retirees, or those seeking a quiet, rural lifestyle with proximity to outdoor recreation in the Pembina Gorge.
Median prices moved up 32.4% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.0% — 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 2.0%/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 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58282, Pembina County ND
Public education is provided by the North Border School District, which serves the Walhalla area.
The region is subject to standard North Dakota climate risks, including severe winter weather and potential spring flooding from the Pembina River.
The local economy is primarily driven by agriculture and regional services, with limited new industrial development reported.
Property taxes are assessed at the county level, with the 1.14% effective rate reflecting the combined levies of the city, Pembina County, and the North Border School District.
Residents primarily rely on personal vehicles for commuting, with an average travel time to work of approximately 30.9 minutes.
The area features access to the Pembina Gorge for outdoor activities like hiking and snowmobiling, alongside local community parks.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workforce needs.
The economy is heavily reliant on the agricultural sector, with support services and local government providing the majority of employment.
Transportation is entirely dependent on regional highway networks; there is no public transit infrastructure.
No major commercial or residential developments are currently reported in the pipeline.
Pembina County assesses property based on market value, with tax rates determined by local taxing jurisdictions.
Parcels are subject to levies from Pembina County, the City of Walhalla, and the North Border School District.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail.
Data retrieved from Census Reporter and Data USA profiles for Walhalla, ND.
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.
Offers extensive trails for hiking, biking, and winter sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.