Wells County, North Dakota Housing Market
In Wells County, North Dakota, the median home value is $114,500, with a median monthly rent of $648. This places Wells County at #2732 nationally out of 3134 counties by median home value, and #45 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: $999
- Establishments: 177
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,717 (avg $83,909)
- Outflow: 1,619 (avg $85,225)
- IRS Statistics of Income
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Wells County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Wells County →How Wells County Compares
| Metric | Wells County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,500 | $175,786 | $227,706 |
| Median Gross Rent | $648 | $772 | $968 |
| Owner Occupancy Rate | 77.1% | 73.6% | 73.3% |
| Price/Rent Ratio | 14.7 | 18.9 | 18.7 |
Market Analysis
The median home value in Wells County is 34.9% below the North Dakota state average and 49.7% below the U.S. national average. The median rent of $648/month is 16.1% below the state average.
With a price-to-rent ratio of 14.7, buying a home in Wells 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.
Wells County has an owner-occupancy rate of 77.1%, 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 |
|---|---|---|---|
| Carroll County | Illinois | $114,500 | $818 |
| Webster Parish | Louisiana | $114,500 | $795 |
| Northampton County | North Carolina | $114,500 | $758 |
| Taylor County | Florida | $114,600 | $988 |
| Van Buren County | Iowa | $114,600 | $622 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Adams County | $113,200 | $594 | 71.8% |
| LaMoure County | $117,200 | $766 | 83.6% |
| Emmons County | $117,200 | $568 | 79.8% |
| Hettinger County | $117,300 | $785 | 76.8% |
| Sheridan County | $110,300 | $373 | 84.0% |
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).