Morton County, North Dakota Housing Market
In Morton County, North Dakota, the median home value is $263,900, with a median monthly rent of $1,076. This places Morton County at #821 nationally out of 3134 counties by median home value, and #9 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: $1,185
- Establishments: 1,180
- BLS QCEW, 2025
Housing Supply
- Single-family: 100
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,316 (avg $92,427)
- Outflow: 13,414 (avg $94,403)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Morton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 58554 | 304.7 | +4.77% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Morton County Compares
| Metric | Morton County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $263,900 | $175,786 | $227,706 |
| Median Gross Rent | $1,076 | $772 | $968 |
| Owner Occupancy Rate | 74.2% | 73.6% | 73.3% |
| Price/Rent Ratio | 20.4 | 18.9 | 18.7 |
Market Analysis
The median home value in Morton County is 50.1% above the North Dakota state average and 15.9% above the U.S. national average. The median rent of $1,076/month is 39.4% above the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Morton County has an owner-occupancy rate of 74.2%, 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 |
|---|---|---|---|
| Teton County | Montana | $264,000 | $730 |
| St. Charles Parish | Louisiana | $263,700 | $1,210 |
| Barry County | Michigan | $264,100 | $972 |
| Wabasha County | Minnesota | $264,400 | $830 |
| Brookings County | South Dakota | $264,600 | $901 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ward County | $267,100 | $1,048 | 60.8% |
| Stark County | $271,700 | $960 | 66.8% |
| Dunn County | $275,000 | $922 | 74.3% |
| Grand Forks County | $252,700 | $992 | 51.8% |
| Williams County | $284,800 | $1,123 | 53.0% |
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).