McKenzie County, North Dakota Housing Market Prices
McKenzie 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 74% below the North Dakota median Cheaper than 78% of counties in North Dakota$32,222
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Median rent 35% above the North Dakota median Most expensive county in North Dakota$1,284
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McKenzie County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,222 | $125,877 | $248,835 |
| Price Trend (Annual %) | -9.9% | 0.5% | 7.5% |
| Median Gross Rent | $1,284 | $953 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McKenzie County is about 74% lower than in North Dakota. Rent is about 35% higher 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 McKenzie County: home prices fell about 9.9% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in McKenzie County rose about 55.0% between 2015 and 2024, from $828 to $1,284. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in McKenzie County.
Buying the median-priced home in McKenzie County costs roughly 2.1 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 McKenzie County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | McKenzie County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,222 | $125,877 | $248,835 |
| Median Household Income | $97,512 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McKenzie County fell about 45.0%, while median household income rose about 95.5% 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 | McKenzie County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.3% | 55.2% | 58.5% |
| Rental Rate | 36.1% | 32.6% | 31.2% |
| Vacancy Rate | 22.6% | 12.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
McKenzie County has a homeownership rate of 41.3%, lower than the North Dakota average of 55.2%. Its housing vacancy rate is 22.6%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | McKenzie County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1994 | 1984 | 1978 |
| Median Number of Rooms | 5.1 | 5.7 | 5.5 |
The typical housing unit in McKenzie County was built around 1994. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
McKenzie County, ND Housing Compared With Nearby Counties
How McKenzie County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McKenzie County, ND | 14,321 | $32,222 #2/2 | $1,284 #1/2 | 53.4% #1/2 |
| Williams County, ND | 39,554 | $438,114 | $1,123 | 53.0% |
Frequently Asked Questions
Common questions about the housing market in McKenzie County, North Dakota.
What is the median home price in McKenzie County, North Dakota?
The median home price in McKenzie County, North Dakota is $32,222, lower than the North Dakota average of $125,877.
What is the average home price in McKenzie County, North Dakota?
The typical home price in McKenzie County, North Dakota, reported as the median sale price, is $32,222. 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 McKenzie County, North Dakota?
The median gross rent in McKenzie County, North Dakota is $1,284 per month, higher than the North Dakota average of $953.
What was the median gross rent in McKenzie County in 2020?
In 2020, the median gross rent in McKenzie County, North Dakota was $1,087 per month.
What is the price-to-rent ratio in McKenzie County, North Dakota?
The price-to-rent ratio in McKenzie County, North Dakota is about 2.1, meaning it would take roughly 2.1 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 McKenzie County.
Are home prices or rent rising faster in McKenzie County, North Dakota?
Home prices and rent are moving in opposite directions in McKenzie County: home prices fell about 9.9% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in McKenzie County, North Dakota?
41.3% of households in McKenzie County, North Dakota own their home, lower than the North Dakota average of 55.2%.
What is the vacancy rate in McKenzie County, North Dakota?
The housing vacancy rate in McKenzie County, North Dakota is 22.6%, higher than the North Dakota average of 12.3%.
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