The story of this market
The typical home in ZIP 55612 sells for about $965,900, or $403 per square foot.
Prices are up +28.89% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,010 a month.
ZIP 55612 — Lutsen
The housing market in 55612 is characterized by high-end recreational property listings and low inventory. Price appreciation remains strong, driven by demand for North Shore lifestyle properties rather than traditional residential turnover.
This area is best suited for outdoor enthusiasts, second-home buyers, and those seeking a remote, nature-focused lifestyle rather than traditional suburban commuters.
Median prices moved up 28.9% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 7.7% — a stable, low-distress profile.
ZCTA 55612, 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 is subject to regional wildfire and climate-related insurance considerations typical of the North Shore of Lake Superior.
Economic momentum is driven by tourism, outdoor recreation, and small-scale hospitality development along the North Shore.
Property taxes are assessed at the county level in Cook County, Minnesota, based on market value and local levy requirements.
Commuting is primarily via Highway 61, serving as the main artery for travel along the North Shore toward regional employment hubs.
The area is defined by immediate access to Lake Superior, Superior National Forest, and numerous hiking trails, including proximity to Lutsen Mountains.
The rental market is heavily influenced by seasonal tourism and short-term rental demand, with limited year-round inventory.
The local economy is anchored by the tourism, hospitality, and outdoor recreation sectors.
Transportation is primarily reliant on private vehicles via the Highway 61 corridor.
Development is largely focused on small-scale residential and recreational infrastructure improvements.
Cook County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are served by local school districts and county-level utility and emergency service districts.
Property insurance premiums are influenced by regional wildfire risk and the remote nature of the geography.
Minnesota is a judicial foreclosure state with specific statutory redemption periods.
Minnesota law requires sellers to provide a written disclosure of material facts regarding the property's condition.
Data retrieved from Census Reporter ZCTA 55612 profile.
A major regional destination for skiing and summer outdoor activities.
Provides extensive wilderness access, hiking, and camping opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.