Real Estate Relocation Guide To North Dakota

Relocating from Chicago to North Dakota is a major move. You’re crossing state lines and heading 800 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Fargo or Bismarck you can get a good idea of the North Dakota landscape and locate the best area for you and your family.

We’ll start with the big picture… North Dakota has an estimated population of 635,800* and around 68,900 square miles of land. The total number of housing units is 306,982, of which about 181,600 are owner-occupied and 90,600 are inhabited by renters. Roughly 34,600, or 11.3 percent, of the residences in the state are vacant. The median home value in North Dakota is $99,700 and the median household income is $41,919. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of North Dakota, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what North Dakota real estate has to offer…

About 3,700 homes in North Dakota are new construction, developed in 2005 or after (another 18,650 were put up between 2000 and 2004). North Dakota has its share of vintage charm as well with 60,000 residences built prior to 1940. The total number of detached, single-family houses across the state is 194,600, and there’s also a good selection of multi-unit residences and condos. Most homes have 2 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Flickertail State, monthly mortgage costs in [Alabama] generally hover between $500 and 2,000.

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*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com