Horace, ND
Full City Profile · North Dakota · Clay County County
4.8
/5.0
A+
Excellent
3,964
Population
312/sq mi density
$145,801
Median Income
$64,322 per capita
$444,600
Home Value
$407,900 Zillow
$963
Median Rent
19.5% income on rent
41°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
5.0 / 5.0
$145,801 median income, 0.6% unemployment
A+
Affordability
5.0 / 5.0
$444,600 home value, $963/mo rent
A
Education
4.5 / 5.0
43.5% bachelor's degree or higher
Housing Overview
Median Home Value
$444,600
58% above
US avg: $281,900
Median Rent
$963/mo
17% below
US avg: $1,163/mo
Homeownership Rate
96.9%
48% above US avg (65.4%)
Total Housing Units
1,294
Median year built: 2002
Home Value by Source
Census Median
$444,600
Zillow (ZHVI)
$407,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
96.9%
Owner-Occupied
3.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$769/mo
1 Bedroom
$795/mo
2 Bedroom
$965/mo
3 Bedroom
$1,297/mo
4 Bedroom
$1,588/mo
Census median rent:
$963/mo
Affordability & Housing Stock
Rent Burden
19.5%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
2002
Average age of housing stock: 24 years
Homeownership Rate
96.9%
Complete Housing Data
Home Values
| Census Median Value | $444,600 |
| Zillow Home Value (ZHVI) | $407,900 |
Rent
| Census Median Rent | $963 |
| FMR Studio | $769 |
| FMR 1-Bedroom | $795 |
| FMR 2-Bedroom | $965 |
| FMR 3-Bedroom | $1,297 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 96.9% |
| Renter-Occupied | 3.1% |
| Homeownership Rate | 96.9% |
| Total Housing Units | 1,294 |
| Median Year Built | 2002 |
| Rent Burden | 19.5% |