Burke County, North Dakota Housing Market
In Burke County, North Dakota, the median home value is $158,100, with a median monthly rent of $684. This places Burke County at #2064 nationally out of 3134 counties by median home value, and #29 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: $1,370
- Establishments: 94
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 901 (avg $90,539)
- Outflow: 869 (avg $91,009)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Burke County Compares
| Metric | Burke County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $158,100 | $175,786 | $227,706 |
| Median Gross Rent | $684 | $772 | $968 |
| Owner Occupancy Rate | 75.1% | 73.6% | 73.3% |
| Price/Rent Ratio | 19.3 | 18.9 | 18.7 |
Market Analysis
The median home value in Burke County is 10.1% below the North Dakota state average and 30.6% below the U.S. national average. The median rent of $684/month is 11.4% below the state average.
With a price-to-rent ratio of 19.3, the buy-vs-rent decision in Burke County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Burke County has an owner-occupancy rate of 75.1%, 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 |
|---|---|---|---|
| Cocke County | Tennessee | $158,100 | $798 |
| Panola County | Texas | $158,100 | $834 |
| Redwood County | Minnesota | $158,200 | $757 |
| Clarendon County | South Carolina | $158,000 | $763 |
| Darlington County | South Carolina | $158,200 | $896 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kidder County | $156,600 | $853 | 76.1% |
| Dickey County | $162,400 | $840 | 79.7% |
| Sargent County | $163,200 | $816 | 72.5% |
| Bowman County | $164,900 | $765 | 83.3% |
| McHenry County | $151,000 | $713 | 81.4% |
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).