Ramsey County, North Dakota Housing Market
In Ramsey County, North Dakota, the median home value is $199,300, with a median monthly rent of $714. This places Ramsey County at #1406 nationally out of 3134 counties by median home value, and #16 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: $975
- Establishments: 474
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,772 (avg $82,136)
- Outflow: 4,591 (avg $82,470)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ramsey County Compares
| Metric | Ramsey County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $199,300 | $175,786 | $227,706 |
| Median Gross Rent | $714 | $772 | $968 |
| Owner Occupancy Rate | 54.5% | 73.6% | 73.3% |
| Price/Rent Ratio | 23.3 | 18.9 | 18.7 |
Market Analysis
The median home value in Ramsey County is 13.4% above the North Dakota state average and 12.5% below the U.S. national average. The median rent of $714/month is 7.5% below the state average.
With a price-to-rent ratio of 23.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ramsey County has an owner-occupancy rate of 54.5%, 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 |
|---|---|---|---|
| Carter County | Montana | $199,200 | $824 |
| Cumberland County | North Carolina | $199,200 | $1,222 |
| Cullman County | Alabama | $199,100 | $908 |
| Northwest Arctic Borough | Alaska | $199,100 | $1,350 |
| Decatur County | Indiana | $199,100 | $861 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mercer County | $198,500 | $1,031 | 81.1% |
| Traill County | $200,700 | $717 | 74.3% |
| Bottineau County | $193,200 | $796 | 79.2% |
| Ransom County | $193,000 | $691 | 74.7% |
| Stutsman County | $208,400 | $774 | 63.1% |
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).