Cost of Living in Walsh County, North Dakota

$766/mo
Median Monthly Rent
$125,700
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$766/mo
1% below state average
Median Home Value
$125,700
55% 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 Walsh County Compares

Median monthly rent comparison

Walsh County$766/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$766/mo
Median Gross Rent
$125,700
Median Home Value
$692/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Walsh County, North Dakota

Walsh renters spend more than peers nationally

Walsh County's rent-to-income ratio of 13.1% exceeds both the national threshold and North Dakota's state average of 12.8%. With a median household income of $69,976—below the national median of $74,755—renters here allocate a slightly tighter share of earnings to housing.

Middle-of-the-pack affordability in North Dakota

Walsh County ranks in the middle tier of North Dakota counties for rental affordability, with a rent-to-income ratio just slightly above the state average. Homeownership is more favorable: the $692 monthly owner cost represents just 12% of household income.

Similar rent, lower home prices than rivals

Walsh County's median rent of $766 mirrors nearby Traill ($758) but trails Ward County ($1,000) considerably. Home values in Walsh ($125,700) are significantly cheaper than Traill ($193,200) and Ward ($259,100), making it the most affordable county to buy in this cluster.

Homeownership is the affordability sweet spot

Renters in Walsh pay $766 monthly (13.1% of income) while homeowners pay just $692—making mortgages the better deal here. On a median income of $69,976, the difference between renting and owning is stark: homeowners keep hundreds more in their pockets each month.

Walsh: buy instead of rent and save big

Walsh County is ideal for buyers seeking affordable homeownership; renters considering the leap will find mortgages surprisingly cheaper than rents. If you're relocating to rural North Dakota, Walsh's low home values and stable employment make it worth serious consideration.

Affordability Calculator

See how your income compares to housing costs in Walsh County

$

Rent Burden

13.1%

of gross income

Max Housing (28% Rule)

$1,633

per month

Owner Cost Burden

11.9%

of gross income

You can likely afford the median home in Walsh County

Median home value is $125,700. Estimated monthly cost: $1,004 vs. your max of $1,633.

Rent Affordability Guide

Your rent-to-income ratio13.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Walsh County, North Dakota?
Walsh County, North Dakota has a median monthly rent of $766/mo and a median home value of $125,700. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Walsh County?
The median gross rent in Walsh County is $766/mo. This is 1% below state average for North Dakota.
Is Walsh County affordable?
Walsh 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 Walsh County's rent compare to the state average?
Walsh County's median rent of $766/mo is 1% below state average of $770/mo for North Dakota.
What is the median home value in Walsh County?
The median home value in Walsh County, North Dakota is $125,700. This is 55% 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.