Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$231,281+4.3% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 13% have cut their price
Income needed to buy, per year$50,137About 0.6× the local median income ($80,180): affordable for a typical household
Days on market65 daysFaster than a year ago: sellers have the edge
The typical home in Richland County, ND is worth $231,281, up 4.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $204,484, so the area is 13.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 65 days to sell, listings are down 22% from a year ago, 13% of listings have had a price cut. A household needs about $50,137 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,180. Typical rent is $843 a month. In the latest IRS figures, 46 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$231,281
Change in 1 year
+4.3%
Overvalued %
+13.1%
Show 6 more
Fair home value
$204,484
Change in 5 years
+24.5%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,253
Income needed to afford it
$50,137
Property tax rate
1.12%
Rent and investing
Typical rent
$843
Price-to-rent ratio
22.9×
HUD Fair Market Rent, 2 bedrooms
$1,014
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Gross rental yield
4.38%
Cap rate (estimate)
2.84%
Market activity
Listings vs a year ago
−22.1%
Days on market
65
Listings with a price cut
12.8%
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Homes for sale
60
Pending sales per 100 listings
22
Asking price per sq ft
$164
People and jobs
Median household income
$80,180
Population change (1 year)
+0.3%
Unemployment rate
1.7%
Show 4 more
Population
16,731
Income adjusted for cost of living
$91,844
Net moves in (IRS)
−46
Cost of living (US = 100)
87.3
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
35.3
Flood risk score
29.5
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Wildfire risk score
54.0
Walkability (1 to 20)
6.8
Road, rail and air noise
52 dB
Questions people ask
Is Richland County, ND overvalued?
Home prices in Richland County, ND are well above what local incomes have historically supported: fair value is about $204,484, so the area is 13.1% overvalued.
Is Richland County, ND a buyer's or seller's market?
Richland County, ND is a balanced market, leaning toward sellers: homes take about 65 days to sell, listings are down 22% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Richland County, ND?
Home values in Richland County, ND are up 4.3% over the last year.
How much do you need to earn to buy a home in Richland County, ND?
A household needs about $50,137 a year to afford the typical home in Richland County, ND at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,180.