Ransom County, North Dakota Housing Market
In Ransom County, North Dakota, the median home value is $193,000, with a median monthly rent of $691. This places Ransom County at #1480 nationally out of 3134 counties by median home value, and #19 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: $1,028
- Establishments: 231
- BLS QCEW, 2025
Housing Supply
- Single-family: 0
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,253 (avg $78,386)
- Outflow: 2,168 (avg $78,879)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ransom County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 58054 | 253.5 | — | 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 Ransom County Compares
| Metric | Ransom County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $193,000 | $175,786 | $227,706 |
| Median Gross Rent | $691 | $772 | $968 |
| Owner Occupancy Rate | 74.7% | 73.6% | 73.3% |
| Price/Rent Ratio | 23.3 | 18.9 | 18.7 |
Market Analysis
The median home value in Ransom County is 9.8% above the North Dakota state average and 15.2% below the U.S. national average. The median rent of $691/month is 10.5% 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.
Ransom County has an owner-occupancy rate of 74.7%, 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 |
|---|---|---|---|
| Okeechobee County | Florida | $193,000 | $1,082 |
| Jackson County | Mississippi | $193,100 | $1,101 |
| Adams County | Nebraska | $193,100 | $857 |
| Warren County | Tennessee | $192,900 | $827 |
| St. Joseph County | Indiana | $192,800 | $1,062 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bottineau County | $193,200 | $796 | 79.2% |
| Mercer County | $198,500 | $1,031 | 81.1% |
| Ramsey County | $199,300 | $714 | 54.5% |
| Traill County | $200,700 | $717 | 74.3% |
| Richland County | $183,600 | $740 | 68.1% |
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).