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Area data

Thief River Falls, MN — ZIP 56701

Population: 12,705 (Census ACS)

The median home value in ZIP 56701 (Thief River Falls, MN) is $188,328 — down 2.9% over the past year. Homes sell for a median $190,550 after a median 49 days on market. Typical rent runs $1,228/month. 5 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, winterweather the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$188,328

Median home value

-2.9%

1-year change

49

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$188,328
1-year appreciation
-2.9%
3-year appreciation
-7.7%
5-year appreciation
-4.9%
10-year appreciation
-1.3%
All-time peak (2022-07)
$214,819
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$190,550
Median list price
$179,500
Median price per sqft
$120
1-year sale-price change
-7.0%
Median days on market
49 days
Homes sold (recent period)
41
For-sale inventory
63
Sale-to-list ratio
97.8%
Active listings
49
New listings (monthly)
17

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,228/mo
Studio fair-market rent
$795/mo
1BR fair-market rent
$873/mo
2BR fair-market rent
$1,142/mo
3BR fair-market rent
$1,564/mo
4BR fair-market rent
$1,668/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
5
Elementary schools
1
Middle schools
1
High schools
3
Avg student-teacher ratio
15.0 : 1
Schools include
FRANKLIN MIDDLE, LINCOLN SENIOR HIGH, NORTHWEST AREA LEARNING CENTER, CHALLENGER ELEMENTARY, Summer NW Area Learning Center

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
drought, winterWeather
Notable hazard ratings (county)
hail: Relatively Low · drought: Relatively Moderate · tornado: Relatively Low · coldWave: Relatively Low · iceStorm: Relatively Low · wildfire: Relatively Low
Wildfire risk to homes (county)
Higher than 73% of US counties
Buildings in wildfire direct-exposure zone
50.5%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
40.0°F
Average high
50.0°F
Average low
30.0°F
Annual precipitation
24.3 in
Annual snowfall
49.9 in
USDA plant hardiness zone
4a (extreme annual low -30 to -25°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
16
Nearest airport
Thief River Falls Regional Airport (TVF) (2 mi)
Nearest major airport
Thief River Falls Regional Airport (TVF) (2 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
SANFORD THIEF RIVER FALLS MEDICAL CENTER, SANFORD BEHAVIORAL HEALTH CENTER
Solar radiation rating
Fair (3.6 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-28 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,974
Housing built before 1970
42.1%
Housing built 2000 or later
21.0%
Median annual property tax
$2,424
Mean commute to work
11 min
Households with broadband internet
75.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
8,047
Average weekly wage
$1,120
Top industries (by employment)
Accommodation & Food, Other Services, Construction
Annual residential building permits (county)
1

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 56701State medianUS median
Median home value$188,328$300,176$288,527
Median sale price$190,550$315,500$325,000
Median days on market49 days39 days51 days
Typical rent$1,228/mo$1,670/mo$1,809/mo
Median annual property tax$2,424$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 56701?
$188,328.
What is the median sale price in ZIP 56701?
$190,550.
How long do homes take to sell in ZIP 56701?
Median days on market: 49 days.
What is typical rent in ZIP 56701?
Typical rent: $1,228/month.
What is the natural-hazard risk in ZIP 56701?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, winterWeather.
What is the wildfire risk in ZIP 56701?
Risk to homes is higher than 73% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 56701?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 56701?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 56701?
5 schools (1 elementary, 1 middle, 3 high) (NCES, 2022-23).
What is the cost of living in ZIP 56701?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

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