McLean County, North Dakota Housing Market
In McLean County, North Dakota, the median home value is $227,100, with a median monthly rent of $784. This places McLean County at #1109 nationally out of 3134 counties by median home value, and #12 within North Dakota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,558
- Establishments: 344
- BLS QCEW, 2025
Housing Supply
- Single-family: 38
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,028 (avg $90,449)
- Outflow: 3,835 (avg $90,518)
- IRS Statistics of Income
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| Metric | McLean County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $227,100 | $175,786 | $227,706 |
| Median Gross Rent | $784 | $772 | $968 |
| Owner Occupancy Rate | 84.2% | 73.6% | 73.3% |
| Price/Rent Ratio | 24.1 | 18.9 | 18.7 |
Market Analysis
The median home value in McLean County is 29.2% above the North Dakota state average and about equal to the U.S. national average. The median rent of $784/month is 1.6% above the state average.
With a price-to-rent ratio of 24.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
McLean County has an owner-occupancy rate of 84.2%, 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 |
|---|---|---|---|
| Bossier Parish | Louisiana | $227,200 | $1,174 |
| Portage County | Ohio | $227,000 | $1,064 |
| Brewster County | Texas | $227,000 | $839 |
| Walker County | Texas | $226,900 | $1,031 |
| Clinton County | Missouri | $226,800 | $1,008 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mountrail County | $232,700 | $950 | 61.5% |
| Oliver County | $215,700 | $756 | 95.2% |
| Stutsman County | $208,400 | $774 | 63.1% |
| Grand Forks County | $252,700 | $992 | 51.8% |
| Traill County | $200,700 | $717 | 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).