North Dakota
Ranked #4 of 51 for housing affordability
Median Home Price
🏠$247K
3.22x income
Median Rent
🔑$916
25.5% rent-burdened
Median Income
💰$77K
Population: 779,094
Homeownership
🏡64.0%
1,218 experiencing homelessness
Housing Shortage
📉8,000
units needed
Building Permits (2024)
🔨2,319
Price-to-Income
📊3.22x
Severe Rent Burden
⚠️11.0%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1075) is above the state median rent ($916) — vouchers cover typical rents.
Metros in North Dakota
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Fargo | 72 | $287K | $989 | $73K | 26.0% |
| Bismarck | 85 | $289K | $951 | $83K | 17.8% |
| Grand Forks | 86 | $243K | $908 | $72K | 23.0% |
| Minot | 87 | $238K | $985 | $72K | 8.9% |
Market Trends
Homeownership Rate
64.0%
Rent-to-Income Ratio
14.0%
of gross income spent on rent
Total Households
338,059
Owner-Occupied
215,363
Renter-Occupied
122,696
Homelessness
Latest Count (2024)
865
1-Year Change
+10.3%
10-Year Trend (2015–2024)
-33.7%
1,305 → 865
Housing Policies
Construction Activity
Total Permits (2024)
2,319
0.2% of national total
Single-Family
1,651
71% of state permits
Multi-Family
668
29% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
8,000
units needed
National Shortage
7,300,000
0.1% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
North Dakota burden rates with national demographic breakdown
Cost-Burdened Renters
25.5%
paying >30% of income
Severely Burdened
11.0%
paying >50% of income
Households >30% Burden
18,830
Households >35% Burden
9,756