Market Snapshot

Report generated March 2026

IndicatorValue
Population45,141
↑ 0.3% since 2020
Median Household Income$66,380
11% below national median
Median Home Value$212,000
Unemployment Rate5.8%
Median Age46.9 years
Housing Vacancy Rate27.7%
Total Land Sales (Past 12 Months)124 transactions
Active Listings74 properties
Avg Days on Market296 days

Rural Land Sales (1+ Acres) (Mar 2025 – Mar 2026)

MetricValue
Median Price/Acre$5,486
Recent Sales118 transactions
Avg Days on Market195 days
Avg Parcel Size24.90 acres
Active Listings49 properties

Recent Rural Land Sales

DateAcresPrice$/AcreAddressCity
Mar 2026New9.26$99,500$10,745Timberline DrGrand Rapids
Mar 2026New39.91$105,000$2,63114730 County Road 25Wawina
Feb 202640.16$79,000$1,967Mushgee RdDeer River
Feb 202639.84$95,000$2,38525 Itasca CountryFloodwood
Feb 202629.69$73,000$2,459S Ted Peterson RdBigfork
Feb 20261.36$95,000$69,853W Amen Lake RdDeer River
Feb 202658.30$107,500$1,844Itasca CountyPaynesville
Feb 202658.20$107,500$1,847Itasca CountyPaynesville
Feb 202658.30$107,500$1,844County Road 31Wirt
Feb 202658.20$107,500$1,847Tbd2 County Rd #31Wirt
DateAcresPrice$/AcreAddressCity
Feb 20263.20$32,800$10,2506 Rippling Oak Ridge River DrPengilly
Jan 202653.10$90,000$1,695County Road 10Warba
Jan 202611.81$50,000$4,23452468 County Road 29Wirt
Jan 20266.80$60,000$8,824County Road 427Grand Rapids
Jan 20261.80$147,900$82,167PARCEL County Road 35 #ADeer River
Dec 20251.17$19,900$17,00929606 E Bass Lake RdGrand Rapids
Dec 202525.07$175,000$6,98040826 County Road 311Deer River
Dec 202522.80$70,000$3,07037139 Hanson RdBigfork
Dec 20254.10$84,000$20,488Snowball RdPengilly
Dec 20259.98$47,000$4,70932241 State Highway 1Effie
Dec 202522.00$62,000$2,81826299 County Road 11Cohasset
Dec 202540.10$85,000$2,12064636 County Road 235Effie
Nov 202514.40$74,900$5,20140 Tbd Co RdEffie
Nov 20254.60$100,000$21,73964599 S Pickerel RdEffie
Nov 202539.74$40,000$1,007Tbd River RdGrand Rapids
Nov 20252.50$215,000$86,00053550 Little Bear TrlBigfork
Nov 20257.56$175,000$23,148Tbdxx County Rd #19Deer River
Nov 202579.70$100,000$1,255Feeley #3Warba
Oct 20259.70$90,000$9,27830264 S Plantation Lake LnBovey
Oct 20256.90$33,000$4,783Easy StFloodwood
Oct 202540.20$70,000$1,741Tbd Co Road 60Bovey
Oct 202537.70$151,000$4,005Danson RdGrand Rapids
Oct 20253.87$130,000$33,592N White Swan Lake RdBigfork
Oct 202578.25$31,500$403Baumgartner RdDeer River
Oct 20256.60$75,000$11,36425570 County Road 59Bovey
Oct 20253.22$105,000$32,60936002 County Road 238Deer River
Oct 202537.31$69,000$1,849Tbd State Highway 1Effie
Oct 202540.00$98,500$2,46239499 Northwood RdNashwauk
Oct 20256.30$105,000$16,667Melody RdGrand Rapids
Oct 20252.20$50,000$22,727Tbd S Highway 169Grand Rapids
Oct 2025114.40$160,000$1,399Highway 65Nashwauk
Sep 202531.30$70,000$2,236Tbd County Road 19Deer River
Sep 20253.08$144,000$46,753Tbd S Sugar LnCohasset
Sep 202539.63$50,000$1,26261075 County Road 236Bigfork
Sep 202526.29$35,000$1,33165 Tbd State HwyNashwauk
Sep 20251.27$125,000$98,42529986 W Splithand RdGrand Rapids
Sep 20251.30$70,000$53,8461st StNashwauk
Sep 202540.39$90,000$2,228Northwind RdMarcell
Sep 202512.03$69,000$5,736Turtle River RdMarcell
Sep 202512.39$139,900$11,2910 County Road 91Grand Rapids
Sep 20251.26$35,500$28,175LOT 8 Woodland DrDeer River
Sep 202539.32$79,000$2,00922703 County Road 434Bovey
Sep 20251.42$50,000$35,211Tbd Piquant WayCohasset
Sep 202559.36$125,000$2,10640257 State Highway 65Nashwauk
Sep 20252.50$23,500$9,400Tbd County Road 35Deer River
Sep 20251.95$150,000$76,92314 Nicholas StGrand Rapids
Sep 202514.50$47,000$3,241County Road 440Coleraine
Sep 20253.91$50,000$12,78841967 Highway 65Nashwauk
Aug 20254.31$31,200$7,2394227 State Highway 38Grand Rapids
Aug 20252.42$39,000$16,11636719 State Highway 65Nashwauk
Aug 20251.28$40,000$31,25011 & 1/2 Pine Tree Ln #10Coleraine
Aug 20253.23$42,000$13,00327908 Sunset Point RdCohasset
Aug 20254.39$20,000$4,556Mallum DrBovey
Aug 202563.80$350,000$5,4862829 E Highway 2Grand Rapids
Aug 20255.50$32,000$5,8183 An RivPengilly
Aug 202528.94$110,000$3,80137106 Northview RdNashwauk
Aug 202579.60$207,900$2,61241181 County Road 242Cohasset
Jul 20253.10$57,000$18,38738093 County Road 45Marcell
Jul 20257.41$27,000$3,644State Highway 65 & Kreklow RdGoodland
Jul 20257.30$242,500$33,21946605 County Road 35Deer River
Jul 202511.00$40,000$3,636Northview RdNashwauk
Jul 20252.39$20,000$8,368LOT 1 County Road 238Deer River
Jul 20251.75$36,000$20,571LOT 3 Woodland DrDeer River
Jul 20252.24$36,000$16,071LOT 4 Woodland DrDeer River
Jul 20252.23$36,000$16,143LOT 5 Woodland DrDeer River
Jul 20253.56$36,000$10,112LOT 9 Woodland DrDeer River
Jul 20252.80$390,000$139,286NULLC Ladyslipper LnGrand Rapids
Jul 20253.00$215,000$71,667NULLA Ladyslipper LnGrand Rapids
Jul 20253.10$165,000$53,226NULLB Ladyslipper LnGrand Rapids
Jul 202539.82$59,900$1,504Feeley #3Warba
Jul 2025112.00$425,000$3,795County Road 56Nashwauk
Jul 2025117.10$140,000$1,19667241 State Highway 65Togo
Jul 20257.37$77,000$10,448X N Pinewood DrBovey
Jul 202576.38$178,000$2,33018131 County Road 433Swan River
Jul 20253.63$43,000$11,84647530 Bourman RdWirt
Jul 202536.97$45,000$1,2171 Tbd HwyEffie
Jul 202540.24$103,700$2,577Tbd Little Whitefish TrlNashwauk
Jun 202520.33$88,000$4,32925617 North RdBovey
Jun 202541.35$68,000$1,644LOT 1 Hanson Lake RdGrand Rapids
Jun 202540.24$73,000$1,814Country Rd #55Nashwauk
Jun 20255.10$45,000$8,82466535 County Road 533Effie
Jun 202517.20$41,000$2,384County Road 533Effie
Jun 202520.80$92,000$4,42334780 Freestone RdGrand Rapids
Jun 202521.46$285,000$13,281Forest Rd #2196ESquaw Lake
Jun 202518.60$93,000$5,00018796 River RdGrand Rapids
Jun 2025275.00$555,000$2,018County Road 20Goodland
Jun 20252.40$12,000$5,000Cedar StBigfork
Jun 20255.75$34,000$5,913Trout Lake RdColeraine
May 202519.51$68,000$3,485County Road 83Pengilly
May 20252.55$29,000$11,373TbdPengilly
May 20252.54$29,000$11,417River Oak DrPengilly
May 20251.26$90,000$71,429Tbd Snaptail Lake LnBovey
May 20255.63$199,900$35,50619392 Kenwood RdNashwauk
May 20257.10$165,000$23,23948623 Neon RdDeer River
May 20252.88$170,000$59,02824027 County Road 76Grand Rapids
May 202540.03$80,000$1,99918630 Wendigo RdGrand Rapids
May 202536.09$81,000$2,244County Road 4Talmoon
Apr 202531.63$237,500$7,509Tbd Loon Call LnBigfork
Apr 202527.43$16,500$602Tbd County Road 525Effie
Apr 202518.34$62,500$3,40859 Highway 65Cook
Apr 202530.08$77,000$2,56020366 County Road 12Bovey
Apr 202533.25$155,000$4,662County Road 156Squaw Lake
Mar 20251.36$127,000$93,38242969 County Road 538Nashwauk
Mar 202539.58$170,000$4,29530735 Splithand RdGrand Rapids
Mar 20252.00$65,000$32,500Tbd Kathryn AveGrand Rapids
Mar 202542.49$440,000$10,355Tbd Cedar RdCohasset
Mar 202524.00$40,500$1,688Us Highway 2 N Hummingbird DrGrand Rapids
Mar 20253.59$38,000$10,585Westwood RdGrand Rapids

Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Mar 2026)

MetricValue
Median Lot Price$40,000
Recent Sales6 transactions
Avg Days on Market81 days
Avg Parcel Size0.31 acres
Active Listings25 properties

Recent Suburban/Urban Land Sales

DateAcresPriceAddressCity
Mar 2026New0.29$30,000NE 6th AveGrand Rapids
Jan 20260.47$40,000Little Cowhorn Public Access RdGrand Rapids
Dec 20250.49$290,00023060 Lampi RdCohasset
Dec 20250.10$79,50020919 Highway 169 S Unit 20Grand Rapids
Dec 20250.21$21,0003rd AveCalumet
Oct 20250.31$19,000Tbd Sw 11th AveGrand Rapids

County Profile

DemographicValue
Total Population (2023)45,141
Population (2020)45,014
Population Growth0.28%
Median Household Income$66,380
Median Home Value$212,000
Total Housing Units25,589
Vacant Housing Units7,079
Housing Vacancy Rate27.7%
Median Age46.9
Bachelor's Degree or Higher5,399 (12.0%)
Unemployment Rate5.8%

Market Overview

Itasca County, Minnesota has a population of 45,141, which has grown 0.28% since 2020. The median household income is $66,380, below the national median of $74,580 by 11.0%. The housing vacancy rate of 27.7% suggests soft market conditions. Itasca County is part of Minnesota's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $5,350 per acre, with properties averaging 27.10 acres. There are currently 74 active land listings in the county.

Frequently Asked Questions

What is the current population of Itasca County, Minnesota?
As of the 2023 American Community Survey, Itasca County has a population of 45,141. The county has grown 0.28% since the 2020 Census, indicating a growing community.
What is the median household income in Itasca County?
The median household income in Itasca County is $66,380, which is 11.0% below the national median of $74,580.
Is Itasca County growing or shrinking?
Itasca County is growing. The population has increased 0.28% since 2020.
What is the housing market like in Itasca County?
The median home value in Itasca County is $212,000. The housing vacancy rate is 27.7%, which suggests soft market conditions. The unemployment rate is 5.8%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $5,350 per acre. Suburban/urban lots under 1 acre have a median lot price of $40,000.
Does Reelvest buy land in Itasca County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Itasca County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.