Nelson County, North Dakota Housing Market
In Nelson County, North Dakota, the median home value is $139,700, with a median monthly rent of $582. This places Nelson County at #2374 nationally out of 3134 counties by median home value, and #33 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: $1,002
- Establishments: 147
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,222 (avg $88,261)
- Outflow: 1,186 (avg $89,390)
- IRS Statistics of Income
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| Metric | Nelson County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $139,700 | $175,786 | $227,706 |
| Median Gross Rent | $582 | $772 | $968 |
| Owner Occupancy Rate | 75.1% | 73.6% | 73.3% |
| Price/Rent Ratio | 20.0 | 18.9 | 18.7 |
Market Analysis
The median home value in Nelson County is 20.5% below the North Dakota state average and 38.6% below the U.S. national average. The median rent of $582/month is 24.6% below the state average.
With a price-to-rent ratio of 20.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Nelson County has an owner-occupancy rate of 75.1%, 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 |
|---|---|---|---|
| Cheyenne County | Nebraska | $139,700 | $821 |
| Jefferson County | Pennsylvania | $139,700 | $750 |
| Woods County | Oklahoma | $139,600 | $850 |
| Jones County | South Dakota | $139,600 | $543 |
| Decatur County | Tennessee | $139,600 | $757 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Towner County | $134,800 | $757 | 78.8% |
| Walsh County | $132,700 | $748 | 76.0% |
| Pierce County | $147,300 | $850 | 81.6% |
| Steele County | $130,700 | $738 | 77.8% |
| McHenry County | $151,000 | $713 | 81.4% |
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).