Billings County, North Dakota Housing Market Prices
Billings County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 205% above the North Dakota median Among the 5 most expensive counties in North Dakota$383,332
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Median rent 35% below the North Dakota median Cheaper than 79% of counties in North Dakota$621
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Billings County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $383,332 | $125,877 | $248,835 |
| Price Trend (Annual %) | 4.8% | 0.5% | 7.5% |
| Median Gross Rent | $621 | $953 | $1,407 |
| Rent Trend (Annual %) | 0.2% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Billings County is about 205% higher than in North Dakota. Rent is about 35% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2022-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Billings County, up about 4.8% and 0.2% a year respectively. Home prices are changing faster.
Median rent in Billings County fell about 28.0% between 2015 and 2024, from $862 to $621. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Billings County.
Buying the median-priced home in Billings County costs roughly 51.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Billings County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Billings County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $383,332 | $125,877 | $248,835 |
| Median Household Income | $95,376 | $76,862 | $80,455 |
| Price-to-Income Ratio | 4.0 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2022 and 2024, the median home price in Billings County rose about 9.5%, while median household income rose about 60.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Billings County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 55.2% | 58.5% |
| Rental Rate | 16.5% | 32.6% | 31.2% |
| Vacancy Rate | 25.5% | 12.3% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Billings County has a homeownership rate of 58.1%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 25.5%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Billings County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1981 | 1984 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Billings County was built around 1981. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Billings County, ND Housing Compared With Nearby Counties
How Billings County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Billings County, ND | 1,023 | $383,333 #1/2 | $621 #2/2 | 77.9% #1/2 |
| Stark County, ND | 33,302 | $141,935 | $959 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Billings County, North Dakota.
What is the median home price in Billings County, North Dakota?
The median home price in Billings County, North Dakota is $383,333, higher than the North Dakota average of $125,877.
What is the average home price in Billings County, North Dakota?
The typical home price in Billings County, North Dakota, reported as the median sale price, is $383,333. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Billings County, North Dakota?
The median gross rent in Billings County, North Dakota is $621 per month, lower than the North Dakota average of $953.
What was the median gross rent in Billings County in 2020?
In 2020, the median gross rent in Billings County, North Dakota was $445 per month.
What is the price-to-rent ratio in Billings County, North Dakota?
The price-to-rent ratio in Billings County, North Dakota is about 51.5, meaning it would take roughly 51.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Billings County.
Are home prices or rent rising faster in Billings County, North Dakota?
Both home prices and rent are rising in Billings County, up about 4.8% and 0.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Billings County, North Dakota?
58.1% of households in Billings County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Billings County, North Dakota?
The housing vacancy rate in Billings County, North Dakota is 25.5%, higher than the North Dakota average of 12.3%.
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