North Dakota Real Estate
According to census data in the year 2000 there were 289,677 housing units in North Dakota.
This represents a 4.8% from 276,340 in 1990.
Of those housing units, 156,383 were located in either urbanized areas or urban clusters, and 133,294 were located in what is classified as a rural area.
Homeownership rate in North Dakota is about 66.6%.
North Dakota's vacancy rate, including seasonal lodging, is about 11.2%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in North Dakota were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.9% |
| One Bedroom | 11.4% |
| Two Bedrooms | 29.9% |
| Three Bedrooms | 34.7% |
| Four Bedrooms | 17.2% |
| Five Bedrooms or more | 5% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $74,400 |
| Median Price asked for vacant units | $29,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $307 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 5.2% |
| Home Equity Loan | 5.9% |
| Simple Mortgage | 46.7% |
| Debt Free | 41.9% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
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