Grant County, North Dakota Housing Market Prices
Grant 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 80% of counties in North Dakota$31,666
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Median rent 29% below the North Dakota median Cheaper than 73% of counties in North Dakota$674
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grant County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,666 | $125,877 | $248,835 |
| Price Trend (Annual %) | -2.7% | 0.5% | 7.5% |
| Median Gross Rent | $674 | $953 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant County is about 75% lower than in North Dakota. Rent is about 29% 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 Grant County: home prices fell about 2.7% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in Grant County rose about 53.0% between 2015 and 2024, from $441 to $675. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Grant County.
Buying the median-priced home in Grant County costs roughly 3.9 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 Grant County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Grant County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,666 | $125,877 | $248,835 |
| Median Household Income | $58,110 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grant County fell about 17.6%, while median household income rose about 27.8% 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 | Grant County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 55.2% | 58.5% |
| Rental Rate | 10.8% | 32.6% | 31.2% |
| Vacancy Rate | 35.2% | 12.3% | 10.2% |
| Median Tenure (years) | 24.0 | 14.0 | 15.0 |
| Median Year Moved In | 2002 | 2012 | 2011 |
Grant County has a homeownership rate of 54.0%, lower than the North Dakota average of 55.2%. Its housing vacancy rate is 35.2%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Grant County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.08 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1966 | 1984 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Grant County was built around 1966. On average, 2.1 people live in a home with about 5.7 rooms, staying for about 24.0 years on average.
Grant County, ND Housing Compared With Nearby Counties
How Grant County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grant County, ND | 2,269 | $31,666 #1/2 | $675 #2/2 | 83.4% #1/2 |
| Morton County, ND | 33,777 | $22,250 | $1,076 | 74.2% |
Frequently Asked Questions
Common questions about the housing market in Grant County, North Dakota.
What is the median home price in Grant County, North Dakota?
The median home price in Grant County, North Dakota is $31,666, lower than the North Dakota average of $125,877.
What is the average home price in Grant County, North Dakota?
The typical home price in Grant 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 Grant County, North Dakota?
The median gross rent in Grant County, North Dakota is $675 per month, lower than the North Dakota average of $953.
What was the median gross rent in Grant County in 2020?
In 2020, the median gross rent in Grant County, North Dakota was $526 per month.
What is the price-to-rent ratio in Grant County, North Dakota?
The price-to-rent ratio in Grant County, North Dakota is about 3.9, meaning it would take roughly 3.9 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 Grant County.
Are home prices or rent rising faster in Grant County, North Dakota?
Home prices and rent are moving in opposite directions in Grant County: home prices fell about 2.7% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Grant County, North Dakota?
54.0% of households in Grant County, North Dakota own their home, lower than the North Dakota average of 55.2%.
What is the vacancy rate in Grant County, North Dakota?
The housing vacancy rate in Grant County, North Dakota is 35.2%, higher than the North Dakota average of 12.3%.
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