Cavalier County, North Dakota Housing Market
In Cavalier County, North Dakota, the median home value is $125,800, with a median monthly rent of $786. This places Cavalier County at #2538 nationally out of 3134 counties by median home value, and #37 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: $1,140
- Establishments: 145
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,562 (avg $110,412)
- Outflow: 1,523 (avg $111,850)
- IRS Statistics of Income
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| Metric | Cavalier County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $125,800 | $175,786 | $227,706 |
| Median Gross Rent | $786 | $772 | $968 |
| Owner Occupancy Rate | 81.3% | 73.6% | 73.3% |
| Price/Rent Ratio | 13.3 | 18.9 | 18.7 |
Market Analysis
The median home value in Cavalier County is 28.4% below the North Dakota state average and 44.8% below the U.S. national average. The median rent of $786/month is 1.8% above the state average.
With a price-to-rent ratio of 13.3, buying a home in Cavalier County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cavalier County has an owner-occupancy rate of 81.3%, 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 |
|---|---|---|---|
| Menifee County | Kentucky | $125,800 | $675 |
| Alleghany County | Virginia | $125,800 | $765 |
| Fayette County | Alabama | $125,900 | $667 |
| Cheyenne County | Kansas | $125,900 | $656 |
| Washington County | North Carolina | $125,900 | $743 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Eddy County | $124,000 | $590 | 72.0% |
| Golden Valley County | $123,900 | $638 | 79.5% |
| Steele County | $130,700 | $738 | 77.8% |
| Griggs County | $119,300 | $573 | 76.6% |
| Pembina County | $119,200 | $684 | 74.6% |
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).