Pembina County, North Dakota Housing Market
In Pembina County, North Dakota, the median home value is $119,200, with a median monthly rent of $684. This places Pembina County at #2651 nationally out of 3134 counties by median home value, and #41 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: $1,163
- Establishments: 346
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,979 (avg $94,720)
- Outflow: 2,790 (avg $96,529)
- IRS Statistics of Income
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| Metric | Pembina County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,200 | $175,786 | $227,706 |
| Median Gross Rent | $684 | $772 | $968 |
| Owner Occupancy Rate | 74.6% | 73.6% | 73.3% |
| Price/Rent Ratio | 14.5 | 18.9 | 18.7 |
Market Analysis
The median home value in Pembina County is 32.2% below the North Dakota state average and 47.7% below the U.S. national average. The median rent of $684/month is 11.4% below the state average.
With a price-to-rent ratio of 14.5, buying a home in Pembina County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Pembina County has an owner-occupancy rate of 74.6%, 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 |
|---|---|---|---|
| Hertford County | North Carolina | $119,200 | $844 |
| Iron County | Missouri | $119,300 | $664 |
| Griggs County | North Dakota | $119,300 | $573 |
| Meigs County | Ohio | $119,300 | $722 |
| Ellis County | Oklahoma | $119,100 | $815 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Griggs County | $119,300 | $573 | 76.6% |
| Hettinger County | $117,300 | $785 | 76.8% |
| LaMoure County | $117,200 | $766 | 83.6% |
| Emmons County | $117,200 | $568 | 79.8% |
| Wells County | $114,500 | $648 | 77.1% |
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).