Eddy County, North Dakota Housing Market Prices
Eddy 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 93% below the North Dakota median Among the top 3 cheapest counties in North Dakota$8,750
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Median rent 38% below the North Dakota median Cheaper than 85% of counties in North Dakota$590
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Eddy County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,750 | $125,877 | $248,835 |
| Price Trend (Annual %) | -14.9% | 0.5% | 7.5% |
| Median Gross Rent | $590 | $953 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eddy County is about 93% lower than in North Dakota. Rent is about 38% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Eddy County: home prices fell about 14.9% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Eddy County rose about 34.0% between 2015 and 2024, from $440 to $590. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Eddy County.
Buying the median-priced home in Eddy County costs roughly 1.2 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 Eddy County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Eddy County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,750 | $125,877 | $248,835 |
| Median Household Income | $50,825 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.2 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eddy County fell about 5.2%, while median household income rose about 31.9% 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 | Eddy County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.2% | 55.2% | 58.5% |
| Rental Rate | 24.2% | 32.6% | 31.2% |
| Vacancy Rate | 13.6% | 12.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Eddy County has a homeownership rate of 62.2%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 13.6%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Eddy County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.89 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1967 | 1984 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Eddy County was built around 1967. On average, 1.9 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eddy County, North Dakota.
What is the median home price in Eddy County, North Dakota?
The median home price in Eddy County, North Dakota is $8,750, lower than the North Dakota average of $125,877.
What is the average home price in Eddy County, North Dakota?
The typical home price in Eddy County, North Dakota, reported as the median sale price, is $8,750. 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 Eddy County, North Dakota?
The median gross rent in Eddy County, North Dakota is $590 per month, lower than the North Dakota average of $953.
What was the median gross rent in Eddy County in 2020?
In 2020, the median gross rent in Eddy County, North Dakota was $638 per month.
What is the price-to-rent ratio in Eddy County, North Dakota?
The price-to-rent ratio in Eddy County, North Dakota is about 1.2, meaning it would take roughly 1.2 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 Eddy County.
Are home prices or rent rising faster in Eddy County, North Dakota?
Home prices and rent are moving in opposite directions in Eddy County: home prices fell about 14.9% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Eddy County, North Dakota?
62.2% of households in Eddy County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Eddy County, North Dakota?
The housing vacancy rate in Eddy County, North Dakota is 13.6%, higher than the North Dakota average of 12.3%.
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