Steele County, North Dakota Housing Market
In Steele County, North Dakota, the median home value is $130,700, with a median monthly rent of $738. This places Steele County at #2485 nationally out of 3134 counties by median home value, and #36 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: $1,331
- Establishments: 65
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 767 (avg $98,973)
- Outflow: 738 (avg $100,488)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Steele County Compares
| Metric | Steele County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $130,700 | $175,786 | $227,706 |
| Median Gross Rent | $738 | $772 | $968 |
| Owner Occupancy Rate | 77.8% | 73.6% | 73.3% |
| Price/Rent Ratio | 14.8 | 18.9 | 18.7 |
Market Analysis
The median home value in Steele County is 25.6% below the North Dakota state average and 42.6% below the U.S. national average. The median rent of $738/month is 4.4% below the state average.
With a price-to-rent ratio of 14.8, buying a home in Steele 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.
Steele County has an owner-occupancy rate of 77.8%, 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 |
|---|---|---|---|
| Geneva County | Alabama | $130,700 | $784 |
| Fayette County | Illinois | $130,700 | $798 |
| Fayette County | Indiana | $130,700 | $791 |
| Boyd County | Kentucky | $130,700 | $849 |
| Clark County | Missouri | $130,700 | $612 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Walsh County | $132,700 | $748 | 76.0% |
| Towner County | $134,800 | $757 | 78.8% |
| Cavalier County | $125,800 | $786 | 81.3% |
| Eddy County | $124,000 | $590 | 72.0% |
| Golden Valley County | $123,900 | $638 | 79.5% |
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).