Towner County, North Dakota Housing Market Prices
Towner 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 54% below the North Dakota median$57,368
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Median rent 21% below the North Dakota median$757
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Towner County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,368 | $125,877 | $248,835 |
| Price Trend (Annual %) | 110.9% | 0.5% | 7.5% |
| Median Gross Rent | $757 | $953 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Towner County is about 54% lower than in North Dakota. Rent is about 21% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Towner County, up about 110.9% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Towner County rose about 63.2% between 2015 and 2024, from $464 to $757. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Towner County.
Buying the median-priced home in Towner County costs roughly 6.3 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 Towner County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Towner County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,368 | $125,877 | $248,835 |
| Median Household Income | $67,439 | $76,862 | $80,455 |
| Price-to-Income Ratio | 0.9 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Towner County rose about 1047.4%, while median household income rose about 44.4% 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 | Towner County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.1% | 55.2% | 58.5% |
| Rental Rate | 16.7% | 32.6% | 31.2% |
| Vacancy Rate | 21.2% | 12.3% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Towner County has a homeownership rate of 62.1%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 21.2%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Towner County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1970 | 1984 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Towner County was built around 1970. On average, 2.1 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Towner County, North Dakota.
What is the median home price in Towner County, North Dakota?
The median home price in Towner County, North Dakota is $57,368, lower than the North Dakota average of $125,877.
What is the average home price in Towner County, North Dakota?
The typical home price in Towner County, North Dakota, reported as the median sale price, is $57,368. 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 Towner County, North Dakota?
The median gross rent in Towner County, North Dakota is $757 per month, lower than the North Dakota average of $953.
What was the median gross rent in Towner County in 2020?
In 2020, the median gross rent in Towner County, North Dakota was $555 per month.
What is the price-to-rent ratio in Towner County, North Dakota?
The price-to-rent ratio in Towner County, North Dakota is about 6.3, meaning it would take roughly 6.3 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 Towner County.
Are home prices or rent rising faster in Towner County, North Dakota?
Both home prices and rent are rising in Towner County, up about 110.9% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Towner County, North Dakota?
62.1% of households in Towner County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Towner County, North Dakota?
The housing vacancy rate in Towner County, North Dakota is 21.2%, higher than the North Dakota average of 12.3%.
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