North Dakota real estate markets
Compare 14 North Dakota counties by rent, home prices and property tax, using public government data. Among counties of 50,000 people or more, the median rent-to-price is 0.38% in North Dakota and 0.52% nationwide.
Where the numbers stand out
14 counties · Swipe the table to see every column
| Market | |||||||
|---|---|---|---|---|---|---|---|
| Rolette County, NDNorth Dakota rents · Run a deal | 1.07% | — | — | $103,800 | $1,111 | 0.94% | 11,924 |
| Walsh County, NDNorth Dakota rents · Run a deal | 0.76% | +10.4% | +9.5% | $132,700 | $1,014 | 1.07% | 10,396 |
| Barnes County, NDNorth Dakota rents · Run a deal | 0.66% | +10.8% | +6.3% | $173,700 | $1,139 | 1.03% | 10,773 |
| Richland County, NDWahpeton rents · Run a deal | 0.55% | +9.0% | +8.3% | $183,600 | $1,014 | 1.13% | 16,584 |
| Ramsey County, NDNorth Dakota rents · Run a deal | 0.51% | +6.6% | +6.4% | $199,300 | $1,014 | 0.99% | 11,556 |
| Williams County, NDWilliston rents · Run a deal | 0.49% | +6.8% | +4.8% | $284,800 | $1,388 | 0.68% | 39,555 |
| Stutsman County, NDJamestown rents · Run a deal | 0.49% | +5.4% | +6.0% | $208,400 | $1,014 | 1.10% | 21,549 |
| Stark County, NDDickinson rents · Run a deal | 0.45% | +6.8% | +4.9% | $271,700 | $1,231 | 0.89% | 33,302 |
| McKenzie County, NDNorth Dakota rents · Run a deal | 0.45% | +17.3% | +8.2% | $349,600 | $1,577 | 0.43% | 14,321 |
| Grand Forks County, NDGrand Forks rents · Run a deal | 0.40% | +5.4% | +5.4% | $252,700 | $1,014 | 1.15% | 72,923 |
| Morton County, NDNorth Dakota rents · Run a deal | 0.40% | +5.3% | +6.2% | $263,900 | $1,067 | 1.02% | 33,777 |
| Ward County, NDMinot rents · Run a deal | 0.39% | +3.7% | +4.9% | $267,100 | $1,049 | 1.07% | 68,973 |
| Cass County, NDFargo rents · Run a deal | 0.37% | +3.1% | +6.0% | $298,000 | $1,104 | 1.20% | 193,400 |
| Burleigh County, NDBismarck rents · Run a deal | 0.33% | +3.4% | +5.8% | $324,000 | $1,067 | 0.88% | 100,600 |
Home prices
Home prices in North Dakota rose 36% over the 5 years to Q2 2026.
- 1 year
- +5%
- 5 years
- +36%
- 10 years
- +53%
From the FHFA House Price Index for North Dakota (state level), updated Mar 31, 2026. It tracks repeat sales and refinance appraisals of the same homes, so it shows the area's trend, not what any one home is worth. See what local prices suggest your rental is worth.
Keep looking
How to read this
Use this to shortlist, not to decide. These are county-wide figures, and a single county can hold very different neighborhoods. Check a real deal with the rental cash flow calculator.
Rent-to-price is the 2-bedroom rent as a percent of the median home value. It's a rough comparison between counties. The two figures describe different homes, and the home value lags current prices, so it can look better than today's market in places where prices rose quickly.
2-bed rent is HUD's Fair Market Rent (fiscal year from Oct 1, 2026): the 40th percentile for recent movers, including utilities. HUD often uses one figure across a whole metro area, so neighboring counties can match.
Home value and population are Census American Community Survey 5-year estimates through 2024. Home values are what owners report. Counties under 10,000 people aren't listed.
Prices are the FHFA House Price Index through 2025: the latest year's change, and the average yearly change over five years. FHFA calls its county index developmental, and it doesn't cover every county.
Property tax is median taxes paid divided by median home value, from the Census. It reflects what current owners pay. An investor buying today can pay more where assessments are capped for homeowners, as in Florida and California.
People and jobs: income, vacant homes (seasonal homes count as vacant, which can look high in vacation areas) and renters are Census 5-year estimates. Population growth compares two Census releases five years apart. Rent ÷ income is a year of the 2-bedroom rent as a percent of median household income. Unemployment is the Bureau of Labor Statistics yearly average for 2025.
Frequently asked questions
- Which North Dakota county has the highest rent-to-price ratio?
- Rolette County, at 1.07%: a 2-bedroom rent of $1,111 against a median home value of $103,800. It's a rough comparison, and a high ratio can come with slower growth or weaker demand, so check the other columns too.
- Where have North Dakota home prices grown fastest?
- Walsh County, at an average of +9.5% a year over five years, on the FHFA House Price Index. Past growth doesn't predict future growth.
- Which North Dakota county has the lowest property tax?
- McKenzie County, at about 0.43% of home value, based on what current owners pay. An investor buying today can pay more where assessments are capped for homeowners.
- Where is the North Dakota population growing fastest?
- Williams County, at +2.4% a year, comparing two Census releases five years apart. These are estimates, and they're less exact for small places.
- How does North Dakota compare with the rest of the US?
- Among counties of 50,000 people or more, the median rent-to-price is 0.38% in North Dakota and 0.52% nationwide. The ratio is the 2-bedroom rent as a percent of the median home value.
- Are home prices going up in North Dakota?
- Home prices in North Dakota rose 36% over the 5 years to Q2 2026. In the latest year (to Q2 2026) they rose 5%. These figures come from the FHFA House Price Index for North Dakota (state level), which tracks repeat sales and refinance appraisals of the same homes. It shows the trend for the area, not what any one home is worth.