The story of this market
The typical home in ZIP 55760 sells for about $261,700, or $135 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 $950 a month.
ZIP 55760 — Mcgregor
The housing market in 55760 is characterized by low inventory and slow turnover, typical of a rural, recreation-focused area. Prices have seen modest growth, driven by demand for seasonal properties and retirement homes. Most metrics, including sales count and days on market, remain stable with no significant volatility reported.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural lifestyle, as it lacks the employment density and transit infrastructure required by daily commuters.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 8.4 months of supply — a slower-moving market.
12% 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 4.8% · poverty 9.2% — 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 5.3%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55760, Aitkin County MN
Crime rates in the McGregor area are generally low and consistent with rural Aitkin County, with property crime being the primary concern.
The area is served by the McGregor Public School District, which provides a small-town educational environment with limited extracurricular offerings compared to larger districts.
The region is characterized by significant forest cover, presenting a moderate wildfire risk, and proximity to numerous lakes and wetlands, which necessitates flood awareness in low-lying areas.
Economic momentum is driven primarily by tourism, outdoor recreation, and local services, with limited large-scale industrial or corporate development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Commuting is primarily car-dependent, with residents traveling to regional hubs like Aitkin or Brainerd for employment; public transit options are not available.
The area is a hub for outdoor recreation, featuring immediate access to Big Sandy Lake, numerous smaller lakes, snowmobile trails, and state forest lands.
The rental market is limited, with a high proportion of seasonal or short-term vacation rentals catering to lake-goers and tourists.
The local economy is heavily reliant on the tourism, hospitality, and forestry sectors, with small-scale retail and service businesses supporting the local population.
Transportation is entirely reliant on personal vehicles, with Highway 65 and Highway 210 serving as the primary corridors for regional access.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP code.
Aitkin County Assessor manages property valuations, focusing on annual market adjustments for rural and seasonal residential properties.
Parcels are subject to standard county and township levies; there are no significant special utility or hospital districts impacting tax rates.
Property insurance premiums are influenced by the area's rural nature and wildfire risk, with availability generally stable but costs rising for older structures.
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Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 55760.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.
A major regional destination for fishing, boating, and recreation.
Features historic portage trails, hiking, and camping.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.