Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Slope County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $140,972 | $242,182 |
| Price Trend (Annual %) | — | 2.1% | 8.2% |
| Median Gross Rent | $531 | $934 | $1,342 |
| Rent Trend (Annual %) | -3.5% | 3.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 43% lower than the North Dakota average.
Affordability
| Metric | Slope County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $140,972 | $242,182 |
| Median Household Income | $65,312 | $76,061 | $78,145 |
| Price-to-Income Ratio | — | 1.9 | 3.1 |
Occupancy & Tenure
| Metric | Slope County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 55.0% | 58.2% |
| Rental Rate | 9.4% | 31.7% | 31.3% |
| Vacancy Rate | 25.8% | 13.3% | 10.6% |
| Median Tenure (years) | 22.0 | 14.0 | 15.0 |
| Median Year Moved In | 2004 | 2012 | 2011 |
Slope County has a homeownership rate of 64.8%, higher than the North Dakota average of 55.0%. Its housing vacancy rate is 25.8%, compared with 13.3% in North Dakota.
Housing Stock
| Metric | Slope County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.31 people | 2.54 people |
| Median Structure Built Year | 1961 | 1983 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Slope County was built around 1961. On average, 2.3 people live in a home with about 6.6 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Slope County, North Dakota.
What is the median rent in Slope County, North Dakota?
The median gross rent in Slope County, North Dakota is $531 per month, lower than the North Dakota average of $934.
What was the median gross rent in Slope County in 2020?
In 2020, the median gross rent in Slope County, North Dakota was $650 per month.
What is the homeownership rate in Slope County, North Dakota?
64.8% of households in Slope County, North Dakota own their home, higher than the North Dakota average of 55.0%.
What is the vacancy rate in Slope County, North Dakota?
The housing vacancy rate in Slope County, North Dakota is 25.8%, higher than the North Dakota average of 13.3%.