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:$206,000
Avg Rent:$1,180/mo
Avg Price/Rent:14.7
North Dakota Housing Market Summary
5
Cities Analyzed
4
Favor Buying
0
Favor Renting
1
Toss-Up
Across North Dakota's 5 analyzed cities, the majority (4 cities) favor buying over renting. This suggests North Dakota generally offers good value for homebuyers.
The average home price in North Dakota is $206,000, with average rents at $1,180/month. This gives an average price-to-rent ratio of 14.7.
$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 | $215,000 | $1,350 | 13.3 | 4 yrs | Buy |
| Bismarck | $200,000 | $1,000 | 16.7 | 4 yrs | Buy |
| Grand Forks | $200,000 | $1,250 | 13.3 | 4 yrs | Buy |
| Minot | $225,000 | $1,100 | 17.0 | 9 yrs | Toss-up |
| West Fargo | $190,000 | $1,200 | 13.2 | 5 yrs | Buy |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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