Billings County, North Dakota Housing Market
In Billings County, North Dakota, the median home value is $331,000, with a median monthly rent of $621. This places Billings County at #485 nationally out of 3134 counties by median home value, and #2 within North Dakota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,067
- Establishments: 64
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 387 (avg $103,850)
- Outflow: 365 (avg $106,378)
- IRS Statistics of Income
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| Metric | Billings County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $331,000 | $175,786 | $227,706 |
| Median Gross Rent | $621 | $772 | $968 |
| Owner Occupancy Rate | 77.9% | 73.6% | 73.3% |
| Price/Rent Ratio | 44.4 | 18.9 | 18.7 |
Market Analysis
The median home value in Billings County is 88.3% above the North Dakota state average and 45.4% above the U.S. national average. The median rent of $621/month is 19.6% below the state average.
With a price-to-rent ratio of 44.4, Billings County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Billings County has an owner-occupancy rate of 77.9%, compared to 73.6% in North Dakota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Gloucester County | Virginia | $331,000 | $1,096 |
| Kent County | Maryland | $330,900 | $1,209 |
| Geauga County | Ohio | $331,100 | $1,083 |
| Montezuma County | Colorado | $331,400 | $942 |
| Olmsted County | Minnesota | $331,700 | $1,370 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Burleigh County | $324,000 | $998 | 71.2% |
| McKenzie County | $349,600 | $1,284 | 53.4% |
| Cass County | $298,000 | $958 | 52.0% |
| Williams County | $284,800 | $1,123 | 53.0% |
| Dunn County | $275,000 | $922 | 74.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).