Renville County, North Dakota Housing Market Prices
Renville 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 73% below the North Dakota median Cheaper than 76% of counties in North Dakota$33,571
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Median rent 13% below the North Dakota median$828
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Renville County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,571 | $125,877 | $248,835 |
| Price Trend (Annual %) | -14.6% | 0.5% | 7.5% |
| Median Gross Rent | $828 | $953 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Renville County is about 73% lower than in North Dakota. Rent is about 13% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Renville County: home prices fell about 14.6% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
Median rent in Renville County rose about 24.0% between 2015 and 2024, from $667 to $828. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Renville County.
Buying the median-priced home in Renville County costs roughly 3.4 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 Renville County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Renville County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,571 | $125,877 | $248,835 |
| Median Household Income | $74,009 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Renville County fell about 66.0%, while median household income rose about 67.9% 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 | Renville County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.0% | 55.2% | 58.5% |
| Rental Rate | 15.4% | 32.6% | 31.2% |
| Vacancy Rate | 27.6% | 12.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Renville County has a homeownership rate of 57.0%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 27.6%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Renville County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1983 | 1984 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in Renville County was built around 1983. On average, 2.3 people live in a home with about 6.5 rooms, staying for about 13.0 years on average.
Renville County, ND Housing Compared With Nearby Counties
How Renville County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Renville County, ND | 2,304 | $33,571 #2/2 | $828 #2/2 | 78.7% #1/2 |
| Ward County, ND | 68,973 | $49,999 | $1,047 | 60.8% |
Frequently Asked Questions
Common questions about the housing market in Renville County, North Dakota.
What is the median home price in Renville County, North Dakota?
The median home price in Renville County, North Dakota is $33,571, lower than the North Dakota average of $125,877.
What is the average home price in Renville County, North Dakota?
The typical home price in Renville County, North Dakota, reported as the median sale price, is $33,571. 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 Renville County, North Dakota?
The median gross rent in Renville County, North Dakota is $828 per month, lower than the North Dakota average of $953.
What was the median gross rent in Renville County in 2020?
In 2020, the median gross rent in Renville County, North Dakota was $728 per month.
What is the price-to-rent ratio in Renville County, North Dakota?
The price-to-rent ratio in Renville County, North Dakota is about 3.4, meaning it would take roughly 3.4 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 Renville County.
Are home prices or rent rising faster in Renville County, North Dakota?
Home prices and rent are moving in opposite directions in Renville County: home prices fell about 14.6% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Renville County, North Dakota?
57.0% of households in Renville County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Renville County, North Dakota?
The housing vacancy rate in Renville County, North Dakota is 27.6%, higher than the North Dakota average of 12.3%.
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