State · ND

North Dakota

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$253k

+2.8%

Zillow ZHVI

Median rent

$1,200/mo

+3.5%

Zillow ZORI

Gross yield

5.69%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$73,959

Census ACS

Owner-occupied

62.7%

Census ACS

Renter-occupied

37.3%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 5.69% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 3.5% YoY while values moved 2.8%. That gap drives whether yield compresses or expands over time.

Renter share is 37% - a deep renter pool means lower vacancy risk in North Dakota.

Median income of $73,959 sets the affordability ceiling on rent growth.