Oliver County, North Dakota Housing Market Prices
Oliver 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 327% above the North Dakota median Most expensive county in North Dakota$537,497
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Median rent 21% below the North Dakota median$756
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Oliver County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $537,497 | $125,877 | $248,835 |
| Price Trend (Annual %) | 122.9% | 0.5% | 7.5% |
| Median Gross Rent | $756 | $953 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oliver County is about 327% higher than in North Dakota. Rent is about 21% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oliver County, up about 122.9% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Oliver County rose about 41.8% between 2015 and 2024, from $533 to $756. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Oliver County.
Buying the median-priced home in Oliver County costs roughly 59.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oliver County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Oliver County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $537,497 | $125,877 | $248,835 |
| Median Household Income | $79,756 | $76,862 | $80,455 |
| Price-to-Income Ratio | 6.7 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2023, the median home price in Oliver County rose about 1253.2%, while median household income rose about 21.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oliver County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.3% | 55.2% | 58.5% |
| Rental Rate | 3.9% | 32.6% | 31.2% |
| Vacancy Rate | 18.8% | 12.3% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Oliver County has a homeownership rate of 77.3%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 18.8%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Oliver County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1986 | 1984 | 1978 |
| Median Number of Rooms | 6.9 | 5.7 | 5.5 |
The typical housing unit in Oliver County was built around 1986. On average, 2.5 people live in a home with about 6.9 rooms, staying for about 19.0 years on average.
Oliver County, ND Housing Compared With Nearby Counties
Oliver County, ND is the smallest of the 4 counties compared here, 1,839 residents against a local median of 33,777. Where Oliver County, ND breaks from the counties next to it is median home price, sitting more than 19 times the local median of $27,777 at $537,497.
Homeownership tells the same story from another angle: 95.2% against a local median of 74.2%, 28% above it. The one measure here that carries a verdict is homeownership, and at 28% above the local median it puts Oliver County, ND at the better end of the local range. The counties themselves sit within $166,422 of each other on median home price, a tighter band than the gap between any of them and Oliver County, ND, which makes it a genuine outlier here rather than one end of a wide local spread. Oliver County, ND has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oliver County, ND | 1,839 | $537,497 #1/4 | $756 #4/4 | 95.2% #1/4 |
| Morton County, ND | 33,777 | $22,250 | $1,076 | 74.2% |
| Mercer County, ND | 8,337 | $188,671 | $1,030 | 81.1% |
| Burleigh County, ND | 100,591 | $27,777 | $997 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Oliver County, North Dakota.
What is the median home price in Oliver County, North Dakota?
The median home price in Oliver County, North Dakota is $537,497, higher than the North Dakota average of $125,877.
What is the average home price in Oliver County, North Dakota?
The typical home price in Oliver County, North Dakota, reported as the median sale price, is $537,497. 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 Oliver County, North Dakota?
The median gross rent in Oliver County, North Dakota is $756 per month, lower than the North Dakota average of $953.
What was the median gross rent in Oliver County in 2020?
In 2020, the median gross rent in Oliver County, North Dakota was $535 per month.
What is the price-to-rent ratio in Oliver County, North Dakota?
The price-to-rent ratio in Oliver County, North Dakota is about 59.2, meaning it would take roughly 59.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oliver County.
Are home prices or rent rising faster in Oliver County, North Dakota?
Both home prices and rent are rising in Oliver County, up about 122.9% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oliver County, North Dakota?
77.3% of households in Oliver County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Oliver County, North Dakota?
The housing vacancy rate in Oliver County, North Dakota is 18.8%, higher than the North Dakota average of 12.3%.
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