HousingHandbookReference data

U.S. ZIP Code · MN55748

Aitkin County

Typical home value

$189,142[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+4.4%
10-year / yr
+6.2%

Relative price

vs U.S.
-33.4%
vs metro
vs state
-36.5%
ZIP 55748 location in MN
Location of ZIP 55748 in MN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 55748 is worth $189,142. Over the past year, values have risen 3.5%. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.8%[3]
Typical annual tax
$1,504[3]

#Climate risk

FEMA National Risk Index ratings for Aitkin County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
1,374[3]
Median household income
$53,810[3]

#Migration

Household moves in and out of Aitkin County over a year, from IRS tax-return data.

Net migration
-17[5]
Moved in
518
Moved out
535

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • HILL CITY ELEMENTARY

    Elementary · Grades PK–4 · HILL CITY PUBLIC SCHOOL DISTRICT

    102 students

  • HILL CITY SENIOR HIGH

    High · Grades 9–12 · HILL CITY PUBLIC SCHOOL DISTRICT

    73 students

  • Hill City Middle School

    Middle · Grades 5–8 · HILL CITY PUBLIC SCHOOL DISTRICT

    67 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$956
Loan principal$151,313
Down payment$37,828
Total interest paid$192,992

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,240
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 55748?
The typical home in 55748 is worth $189,142, based on the Zillow Home Value Index.
Are home values rising in 55748?
Home values in 55748 are up 3.5% over the past year, and up 4.4% a year over five years.
What is the property tax rate in 55748?
The effective property tax rate in 55748 is 0.8% — roughly $1,504 a year on a typical home.
Who lives in 55748?
ZIP code 55748 has a population of 1,374 and a median household income of $53,810.

Compare ZIPs

Pit ZIP 55748 against any other ZIP — full side-by-side table.

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