The Most Affordable Neighborhoods in North Dakota by Home Value

These days, finding an affordable place to live in the North Dakota area can be challenging. Home prices in North Dakota are now at a median cost of $223,566, lower than the the United States average of $313,691.

The average cost of rent is $890/mo in North Dakota, primarily driven by the current value of real estate in the North Dakota area. While nearly 47.78% of residents own their homes outright in North Dakota, 34.31% rent.

Housing affordability isn’t just about home prices, though. The average household income in North Dakota is $6,250 per month. Households that rent pay about 14.24% of their income on rent here. North Dakota's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the state.

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