McKenzie County, North Dakota Housing Market
In McKenzie County, North Dakota, the median home value is $349,600, with a median monthly rent of $1,284. This places McKenzie County at #417 nationally out of 3134 counties by median home value, and #1 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: $1,963
- Establishments: 798
- BLS QCEW, 2025
Housing Supply
- Single-family: 40
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,965 (avg $128,552)
- Outflow: 4,191 (avg $142,036)
- IRS Statistics of Income
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| Metric | McKenzie County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $349,600 | $175,786 | $227,706 |
| Median Gross Rent | $1,284 | $772 | $968 |
| Owner Occupancy Rate | 53.4% | 73.6% | 73.3% |
| Price/Rent Ratio | 22.7 | 18.9 | 18.7 |
Market Analysis
The median home value in McKenzie County is 98.9% above the North Dakota state average and 53.5% above the U.S. national average. The median rent of $1,284/month is 66.3% above the state average.
With a price-to-rent ratio of 22.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
McKenzie County has an owner-occupancy rate of 53.4%, compared to 73.6% in North Dakota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Yellowstone County | Montana | $349,500 | $1,131 |
| Brunswick County | North Carolina | $349,800 | $1,351 |
| Warren County | Ohio | $349,400 | $1,361 |
| Baltimore County | Maryland | $349,300 | $1,627 |
| Pinal County | Arizona | $349,000 | $1,537 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Billings County | $331,000 | $621 | 77.9% |
| Burleigh County | $324,000 | $998 | 71.2% |
| 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).