Rent vs Buy in North Dakota
Compare 5 cities across North Dakota. Find out whether renting or buying makes more financial sense in your area.
5cities analyzed
Avg Home:$310,931
Avg Rent:$1,159/mo
Avg Price/Rent:22.3
North Dakota Housing Market Summary
5
Cities Analyzed
0
Favor Buying
5
Favor Renting
0
Toss-Up
Across North Dakota's 5 analyzed cities, the majority (5 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of North Dakota.
The average home price in North Dakota is $310,931, with average rents at $1,159/month. This gives an average price-to-rent ratio of 22.3.
$Most Affordable Cities
$$Most Expensive Cities
All North Dakota Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Fargo | $326,438.68 | $1,160.86 | 23.4 | N/A | Rent |
| Bismarck | $352,674.51 | $1,306.51 | 22.5 | N/A | Rent |
| Grand Forks | $276,329.24 | $1,150.81 | 20.0 | N/A | Rent |
| Minot | $272,771.95 | $1,018.42 | 22.3 | N/A | Rent |
| West Fargo | $326,438.68 | $1,160.86 | 23.4 | N/A | Rent |
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