The story of this market
The typical home in ZIP 58344 sells for about $145,000, or $88 per square foot.
Prices are up +1.8% 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 $603 a month.
ZIP 58344 — Lakota
The housing market in ZIP 58344 is characterized by low inventory and slow turnover, typical of a rural North Dakota economy. Prices remain stable with minimal year-over-year growth, driven by limited demand and a small, aging population base. The market is currently balanced for local buyers but lacks the liquidity seen in larger metropolitan areas.
This ZIP is best suited for families and individuals seeking a quiet, low-cost rural lifestyle, as well as agricultural workers or those employed in local public services.
Median prices moved up 1.8% year over year.
Homes spend a median of 112 days on market with 9.4 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 1.3% · poverty 11.0% — 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 2.6%/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 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 58344, Wells County ND
Crime rates in this rural North Dakota region are significantly lower than national averages, with property and violent crime incidents remaining rare.
Schools in the area are primarily served by small, rural districts that provide personalized instruction but face challenges regarding limited extracurricular and advanced course offerings.
The area faces moderate risks from severe winter weather and occasional high winds, with standard flood risks primarily confined to low-lying areas near local water bodies.
Economic momentum is largely tied to the agricultural sector and local government services, with limited large-scale industrial or commercial development currently underway.
Property taxes are assessed at the county level based on true and full value, with specific mill rates determined by local school districts, townships, and the county government.
Commutes are primarily car-dependent, involving travel on state highways to reach regional employment hubs like Harvey or Fessenden.
Recreation is centered on outdoor activities including local parks, hunting, fishing, and community-based sports facilities.
The rental market is characterized by low inventory and modest demand, primarily serving local workers and long-term residents with limited short-term rental presence.
The economy is heavily reliant on agriculture, local government, and small-scale retail services.
Transportation infrastructure consists of state and county highways; there is no public transit system.
There are no major large-scale commercial or residential developments currently approved or under construction.
The Wells County assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district taxes and county-wide emergency service levies.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners.
The state experiences modest net domestic migration fluctuations, with rural counties often seeing slight population declines.
North Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects.
Data retrieved from US Census Bureau ACS 5-year estimates for Wells County ZCTAs.
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.
Historic site located in Fessenden.
Small community parks providing basic recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.