Cost of Living in Ransom County, North Dakota

$710/mo
Median Monthly Rent
$174,800
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$710/mo
8% below state average
Median Home Value
$174,800
38% below national
Rent-to-Income Ratio
22.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Ransom County Compares

Median monthly rent comparison

Ransom County$710/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$710/mo
Median Gross Rent
$174,800
Median Home Value
$872/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Ransom County, North Dakota

Ransom rents rank among nation's best

Ransom County's rent-to-income ratio of 11.4% beats both the national average and North Dakota's state average of 12.8%. At $710 monthly, rents are surprisingly affordable for the $74,521 median household income, approaching the national median of $74,755.

Top-tier rental affordability in ND

Ransom County ranks among North Dakota's most affordable counties for renters, with an 11.4% rent-to-income ratio well below the state average of 12.8%. The median rent of $710 sits comfortably below the state median of $770, combining strong affordability with healthy income.

Ransom holds its own regionally

Ransom County's $710 rent and 11.4% ratio put it in the top tier alongside Oliver County (11.3% ratio, $725 rent) and Richland County (12.4% ratio, $751 rent). With a median income of $74,521—among the highest in this peer group—Ransom offers solid income-to-rent balance.

Housing consumes 22% of income

Ransom County residents allocate 11.4% of income to rent and another 14.0% to owner costs, totaling roughly 25.4% of household income toward housing. Both renters and homebuyers stay well within the 30% affordability threshold, suggesting financial stability.

Ransom combines income and value

Ransom County is ideal if you want strong incomes paired with affordable housing in both rental and ownership markets. For direct comparison, check Oliver County (11.3% rent ratio, $76,953 income) or Richland County (12.4% rent ratio, $72,524 income) to see which best matches your relocation needs.

Affordability Calculator

See how your income compares to housing costs in Ransom County

$

Rent Burden

11.4%

of gross income

Max Housing (28% Rule)

$1,739

per month

Owner Cost Burden

14.0%

of gross income

You can likely afford the median home in Ransom County

Median home value is $174,800. Estimated monthly cost: $1,395 vs. your max of $1,739.

Rent Affordability Guide

Your rent-to-income ratio11.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Ransom County, North Dakota?
Ransom County, North Dakota has a median monthly rent of $710/mo and a median home value of $174,800. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Ransom County?
The median gross rent in Ransom County is $710/mo. This is 8% below state average for North Dakota.
Is Ransom County affordable?
Ransom County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Ransom County's rent compare to the state average?
Ransom County's median rent of $710/mo is 8% below state average of $770/mo for North Dakota.
What is the median home value in Ransom County?
The median home value in Ransom County, North Dakota is $174,800. This is 38% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.