Stutsman County, North Dakota Housing Market

In Stutsman County, North Dakota, the median home value is $208,400, with a median monthly rent of $774. This places Stutsman County at #1320 nationally out of 3134 counties by median home value, and #14 within North Dakota.

Median Home Value $208,400
Median Rent $774/mo
Owner Occupancy 63.1%
Price/Rent Ratio 22.4

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Stutsman County rose +5.4% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

9,109
jobs (private sector)
  • Avg weekly wage: $1,144
  • Establishments: 808
  • BLS QCEW, 2025
🏗️

Housing Supply

27
new units authorized (2025)
  • Single-family: 27
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+474
net migration (filers, 2021-2022)
  • Inflow: 8,847 (avg $81,959)
  • Outflow: 8,373 (avg $83,578)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 1 active ZIP codes in Stutsman County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 58401 313.9 +4.59% 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.

How Stutsman County Compares

MetricStutsman CountyNorth Dakota AverageU.S. Average
Median Home Value $208,400 $175,786 $227,706
Median Gross Rent $774 $772 $968
Owner Occupancy Rate 63.1% 73.6% 73.3%
Price/Rent Ratio 22.4 18.9 18.7

Market Analysis

The median home value in Stutsman County is 18.6% above the North Dakota state average and 8.5% below the U.S. national average. The median rent of $774/month is about equal to the state average.

With a price-to-rent ratio of 22.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Stutsman County has an owner-occupancy rate of 63.1%, 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

CountyStateMedian Home ValueMedian Rent
McLean County Illinois $208,400 $1,009
Madison County Nebraska $208,500 $881
Fulton County Pennsylvania $208,500 $809
Benton County Iowa $208,200 $826
Dodge County Nebraska $208,600 $1,060

Other Counties in North Dakota

CountyMedian Home ValueMedian RentOwner Occ.
Oliver County $215,700 $756 95.2%
Traill County $200,700 $717 74.3%
Ramsey County $199,300 $714 54.5%
Mercer County $198,500 $1,031 81.1%
Bottineau County $193,200 $796 79.2%

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).