Traill County, North Dakota Housing Market
In Traill County, North Dakota, the median home value is $200,700, with a median monthly rent of $717. This places Traill County at #1393 nationally out of 3134 counties by median home value, and #15 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: $1,248
- Establishments: 362
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,234 (avg $89,810)
- Outflow: 3,118 (avg $90,809)
- IRS Statistics of Income
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| Metric | Traill County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $200,700 | $175,786 | $227,706 |
| Median Gross Rent | $717 | $772 | $968 |
| Owner Occupancy Rate | 74.3% | 73.6% | 73.3% |
| Price/Rent Ratio | 23.3 | 18.9 | 18.7 |
Market Analysis
The median home value in Traill County is 14.2% above the North Dakota state average and 11.9% below the U.S. national average. The median rent of $717/month is 7.1% 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.
Traill County has an owner-occupancy rate of 74.3%, 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 |
|---|---|---|---|
| Lyon County | Minnesota | $200,700 | $781 |
| Gaines County | Texas | $200,700 | $789 |
| Lamar County | Texas | $200,700 | $949 |
| Grant County | Wisconsin | $200,700 | $813 |
| Adams County | Wisconsin | $200,800 | $828 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ramsey County | $199,300 | $714 | 54.5% |
| Mercer County | $198,500 | $1,031 | 81.1% |
| 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).