The Most Affordable Neighborhoods in Park River, ND by Home Value

 

Park River, ND Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Park River area can be challenging. Home prices in Park River are now at a median cost of $138,784, lower than the North Dakota average of $273,535.

The average cost of rent is $897/mo in Park River, primarily driven by the current value of real estate in the Park River area. In Park River, 30.49% of households rent, and 64.29% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Park River is $5,914 per month. Households that rent pay about 15.18% of their income on rent here. Park River’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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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