Richland County, North Dakota Housing Market
In Richland County, North Dakota, the median home value is $183,600, with a median monthly rent of $740. This places Richland County at #1588 nationally out of 3134 counties by median home value, and #20 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: $1,137
- Establishments: 636
- BLS QCEW, 2025
Housing Supply
- Single-family: 44
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,933 (avg $83,786)
- Outflow: 6,501 (avg $86,389)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Richland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 58075 | 263.1 | +14.20% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Richland County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Richland County →How Richland County Compares
| Metric | Richland County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $183,600 | $175,786 | $227,706 |
| Median Gross Rent | $740 | $772 | $968 |
| Owner Occupancy Rate | 68.1% | 73.6% | 73.3% |
| Price/Rent Ratio | 20.7 | 18.9 | 18.7 |
Market Analysis
The median home value in Richland County is 4.4% above the North Dakota state average and 19.4% below the U.S. national average. The median rent of $740/month is 4.1% below the state average.
With a price-to-rent ratio of 20.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Richland County has an owner-occupancy rate of 68.1%, 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 |
|---|---|---|---|
| Larue County | Kentucky | $183,500 | $860 |
| Roseau County | Minnesota | $183,700 | $880 |
| Sussex County | Virginia | $183,800 | $907 |
| Pendleton County | West Virginia | $183,800 | $770 |
| Crawford County | Wisconsin | $183,400 | $789 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ransom County | $193,000 | $691 | 74.7% |
| Bottineau County | $193,200 | $796 | 79.2% |
| Barnes County | $173,700 | $779 | 70.8% |
| Slope County | $170,000 | $525 | 80.7% |
| Mercer County | $198,500 | $1,031 | 81.1% |
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).