Golden Valley County, North Dakota Housing Market Prices
Golden Valley 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 75% below the North Dakota median Cheaper than 82% of counties in North Dakota$31,666
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Median rent 33% below the North Dakota median Cheaper than 77% of counties in North Dakota$637
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Golden Valley County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,666 | $125,877 | $248,835 |
| Price Trend (Annual %) | 6.3% | 0.5% | 7.5% |
| Median Gross Rent | $637 | $953 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Golden Valley County is about 75% lower than in North Dakota. Rent is about 33% 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 Golden Valley County, up about 6.3% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Golden Valley County rose about 15.0% between 2015 and 2024, from $554 to $637. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Golden Valley County.
Buying the median-priced home in Golden Valley County costs roughly 4.1 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 Golden Valley County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Golden Valley County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,666 | $125,877 | $248,835 |
| Median Household Income | $71,846 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Golden Valley County fell about 60.7%, while median household income rose about 152.4% 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 | Golden Valley County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 55.2% | 58.5% |
| Rental Rate | 15.9% | 32.6% | 31.2% |
| Vacancy Rate | 22.5% | 12.3% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Golden Valley County has a homeownership rate of 61.6%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 22.5%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Golden Valley County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1959 | 1984 | 1978 |
| Median Number of Rooms | 6.7 | 5.7 | 5.5 |
The typical housing unit in Golden Valley County was built around 1959. On average, 2.3 people live in a home with about 6.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Golden Valley County, North Dakota.
What is the median home price in Golden Valley County, North Dakota?
The median home price in Golden Valley County, North Dakota is $31,666, lower than the North Dakota average of $125,877.
What is the average home price in Golden Valley County, North Dakota?
The typical home price in Golden Valley County, North Dakota, reported as the median sale price, is $31,666. 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 Golden Valley County, North Dakota?
The median gross rent in Golden Valley County, North Dakota is $637 per month, lower than the North Dakota average of $953.
What was the median gross rent in Golden Valley County in 2020?
In 2020, the median gross rent in Golden Valley County, North Dakota was $688 per month.
What is the price-to-rent ratio in Golden Valley County, North Dakota?
The price-to-rent ratio in Golden Valley County, North Dakota is about 4.1, meaning it would take roughly 4.1 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 Golden Valley County.
Are home prices or rent rising faster in Golden Valley County, North Dakota?
Both home prices and rent are rising in Golden Valley County, up about 6.3% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Golden Valley County, North Dakota?
61.6% of households in Golden Valley County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Golden Valley County, North Dakota?
The housing vacancy rate in Golden Valley County, North Dakota is 22.5%, higher than the North Dakota average of 12.3%.
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