The Most Affordable Neighborhoods in Lankin, ND by Home Value

These days, finding an affordable place to live in the Lankin area can be challenging. Home prices in Lankin are now at a median cost of $115,000, lower than the North Dakota average of $273,535.

The average cost of rent is $570/mo in Lankin, primarily driven by the current value of real estate in the Lankin area. In Lankin, 12.69% of households rent, and 80.81% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lankin is $7,039 per month. Households that rent pay about 8.10% of their income on rent here. Lankin’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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