The story of this market
The typical home in ZIP 55604 sells for about $516,000, or $243 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $947 a month.
ZIP 55604 — Beaver Bay
The housing market in 55604 is experiencing moderate activity with significant year-over-year price growth. Low inventory and strong demand for North Shore properties keep the market competitive, though buyers are finding more negotiating room than in previous years. The economy remains heavily reliant on tourism and seasonal recreation.
Fits retirees, lifestyle-oriented remote workers, and investors looking for vacation property; less suitable for high-density corporate commuters.
Median prices moved up 4.2% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 8.4% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55604, Cook County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area maintains a rural profile with significantly lower crime rates than the national average, reflecting its small, isolated, and tightly-knit community character.
The district is served primarily by the Cook County School District, which is generally characterized by smaller class sizes and community-integrated learning environments.
The region faces moderate wildfire risk, particularly in the forested areas surrounding the town, and has a posture dominated by its proximity to Lake Superior’s influence.
Development is anchored by tourism and the outdoor recreation industry; major infrastructure revolves around maintaining access to the Gunflint Trail and wilderness entry points.
Property taxes are levied by Cook County and local municipal districts; they include specific levies for county services, school districts, and township operations, typical of Minnesota's rural tax structure.
The core employment area is Grand Marais; commuting primarily involves local travel along the Hwy 61 corridor, with very little transit reliance.
Deep access to the Boundary Waters Canoe Area Wilderness (BWCAW), Superior Hiking Trail, Judge C. R. Magney State Park, and Lake Superior harbors.
Limited depth; vacancy pressure is high due to the high volume of seasonal/vacation usage.
Dominated by tourism, hospitality, local government, and service sectors oriented toward North Shore visitors.
Ongoing preservation of recreational infrastructure and small-scale infill development in the city of Grand Marais.
Cook County special tax districts for hospital and local emergency services.
Property insurance in this geography is heavily influenced by proximity to forests (wildfire risk) and local climatic severity.
Data retrieved from data.census.gov ZCTA 55604 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.
A historic center for arts education and community engagement.
Focuses on traditional northern crafts and skills.
Features the Devil's Kettle waterfall and rugged North Shore terrain.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.