55709 — Itasca County, Minnesota Market Snapshot
Housing market data for zip code 55709 in Itasca County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$223,600
Days to Sell
70
Homes Sold
11
Inventory
13
Sale-to-List
100.0%
New Listings
17
Price/SqFt
$194
Pending Sales
13
Conforming Loan Available
Most homebuyers in 55709 can comfortably use conventional financing. The median home price of $223,600 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 70 days on average, 55709 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 55709 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55709 can comfortably use conventional financing. The median home price of $223,600 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 55709 are set at the county level.
2026 Loan Limits — Itasca County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 55709
To purchase the median home at $223,600 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,863.
Monthly Payment
$1,863
Income Required
$79,849
Principal & Interest
$1,378/mo
Down Payment (5%)
$11,180
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 55709.
Estimated Monthly Payment
$1,534
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