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Affordable
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These days, finding an affordable place to live in the Alsen area can be challenging. Home prices in Alsen are now at a median cost of $106,600, lower than the North Dakota average of $273,535.
The average cost of rent is $950/mo in Alsen, primarily driven by the current value of real estate in the Alsen area. In Alsen, 9.54% of households rent, and 83.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alsen is $7,682 per month. Households that rent pay about 12.37% of their income on rent here. Alsen’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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