Cavalier County, North Dakota Housing Market Prices
Cavalier 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 30% below the North Dakota median$88,499
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Median rent 18% below the North Dakota median$785
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cavalier County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,499 | $125,877 | $248,835 |
| Price Trend (Annual %) | 8.7% | 0.5% | 7.5% |
| Median Gross Rent | $785 | $953 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cavalier County is about 30% lower than in North Dakota. Rent is about 18% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cavalier County, up about 8.7% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Cavalier County rose about 62.1% between 2015 and 2024, from $484 to $785. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Cavalier County.
Buying the median-priced home in Cavalier County costs roughly 9.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cavalier County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Cavalier County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,499 | $125,877 | $248,835 |
| Median Household Income | $70,272 | $76,862 | $80,455 |
| Price-to-Income Ratio | 1.3 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cavalier County rose about 19.9%, while median household income rose about 42.9% 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 | Cavalier County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 55.2% | 58.5% |
| Rental Rate | 13.8% | 32.6% | 31.2% |
| Vacancy Rate | 26.0% | 12.3% | 10.2% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Cavalier County has a homeownership rate of 60.2%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 26.0%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Cavalier County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1967 | 1984 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in Cavalier County was built around 1967. On average, 2.3 people live in a home with about 6.5 rooms, staying for about 21.0 years on average.
Cavalier County, ND Housing Compared With Nearby Counties
How Cavalier County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cavalier County, ND | 3,633 | $88,499 #2/2 | $785 #1/2 | 81.3% #1/2 |
| Walsh County, ND | 10,396 | $95,238 | $747 | 76.0% |
Frequently Asked Questions
Common questions about the housing market in Cavalier County, North Dakota.
What is the median home price in Cavalier County, North Dakota?
The median home price in Cavalier County, North Dakota is $88,499, lower than the North Dakota average of $125,877.
What is the average home price in Cavalier County, North Dakota?
The typical home price in Cavalier County, North Dakota, reported as the median sale price, is $88,499. 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 Cavalier County, North Dakota?
The median gross rent in Cavalier County, North Dakota is $785 per month, lower than the North Dakota average of $953.
What was the median gross rent in Cavalier County in 2020?
In 2020, the median gross rent in Cavalier County, North Dakota was $591 per month.
What is the price-to-rent ratio in Cavalier County, North Dakota?
The price-to-rent ratio in Cavalier County, North Dakota is about 9.4, meaning it would take roughly 9.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cavalier County.
Are home prices or rent rising faster in Cavalier County, North Dakota?
Both home prices and rent are rising in Cavalier County, up about 8.7% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cavalier County, North Dakota?
60.2% of households in Cavalier County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Cavalier County, North Dakota?
The housing vacancy rate in Cavalier County, North Dakota is 26.0%, higher than the North Dakota average of 12.3%.
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