Griggs County, North Dakota Housing Market
In Griggs County, North Dakota, the median home value is $119,300, with a median monthly rent of $573. This places Griggs County at #2648 nationally out of 3134 counties by median home value, and #40 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: $988
- Establishments: 92
- BLS QCEW, 2025
Migration Patterns
- Inflow: 927 (avg $73,671)
- Outflow: 890 (avg $74,591)
- IRS Statistics of Income
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| Metric | Griggs County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,300 | $175,786 | $227,706 |
| Median Gross Rent | $573 | $772 | $968 |
| Owner Occupancy Rate | 76.6% | 73.6% | 73.3% |
| Price/Rent Ratio | 17.4 | 18.9 | 18.7 |
Market Analysis
The median home value in Griggs County is 32.1% below the North Dakota state average and 47.6% below the U.S. national average. The median rent of $573/month is 25.8% below the state average.
With a price-to-rent ratio of 17.4, the buy-vs-rent decision in Griggs County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Griggs County has an owner-occupancy rate of 76.6%, 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 |
|---|---|---|---|
| Iron County | Missouri | $119,300 | $664 |
| Meigs County | Ohio | $119,300 | $722 |
| Hertford County | North Carolina | $119,200 | $844 |
| Pembina County | North Dakota | $119,200 | $684 |
| Baker County | Georgia | $119,500 | $631 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pembina County | $119,200 | $684 | 74.6% |
| Hettinger County | $117,300 | $785 | 76.8% |
| LaMoure County | $117,200 | $766 | 83.6% |
| Emmons County | $117,200 | $568 | 79.8% |
| Golden Valley County | $123,900 | $638 | 79.5% |
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).