Walsh County, North Dakota Housing Market
In Walsh County, North Dakota, the median home value is $132,700, with a median monthly rent of $748. This places Walsh County at #2460 nationally out of 3134 counties by median home value, and #35 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: $1,118
- Establishments: 472
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,518 (avg $81,077)
- Outflow: 4,322 (avg $82,684)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Walsh County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 58237 | 264.2 | +8.60% | 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 Walsh County Compares
| Metric | Walsh County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $132,700 | $175,786 | $227,706 |
| Median Gross Rent | $748 | $772 | $968 |
| Owner Occupancy Rate | 76.0% | 73.6% | 73.3% |
| Price/Rent Ratio | 14.8 | 18.9 | 18.7 |
Market Analysis
The median home value in Walsh County is 24.5% below the North Dakota state average and 41.7% below the U.S. national average. The median rent of $748/month is 3.1% below the state average.
With a price-to-rent ratio of 14.8, buying a home in Walsh 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.
Walsh County has an owner-occupancy rate of 76.0%, 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 |
|---|---|---|---|
| Crawford County | Kansas | $132,600 | $849 |
| Carter County | Kentucky | $132,800 | $740 |
| Reno County | Kansas | $132,500 | $863 |
| Tripp County | South Dakota | $132,900 | $820 |
| Clark County | Illinois | $132,400 | $861 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Steele County | $130,700 | $738 | 77.8% |
| Towner County | $134,800 | $757 | 78.8% |
| Cavalier County | $125,800 | $786 | 81.3% |
| Nelson County | $139,700 | $582 | 75.1% |
| Eddy County | $124,000 | $590 | 72.0% |
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).