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North Dakota Real Estate


According to census data in the year 2000 there were 289,677 housing units in North Dakota. This represents a 4.8% from 276,340 in 1990.

Of those housing units, 156,383 were located in either urbanized areas or urban clusters, and 133,294 were located in what is classified as a rural area.

Homeownership rate in North Dakota is about 66.6%. North Dakota's vacancy rate, including seasonal lodging, is about 11.2%. Average household size is 2.41 people.

The majority of houses, apartments or condos in North Dakota were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.9%
One Bedroom11.4%
Two Bedrooms29.9%
Three Bedrooms34.7%
Four Bedrooms17.2%
Five Bedrooms or more5%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1969
Median Value of occupied units$74,400
Median Price asked for vacant units$29,800

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1973
Median Monthly Rent asked for vacant units$307

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage5.2%
Home Equity Loan5.9%
Simple Mortgage46.7%
Debt Free41.9%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.2%

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