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North Dakota ranks 47th in the nation for homeownership rates
Higher prices, construction costs and interest rates are pushing more residents into renting, with homeownership falling across all income levels, experts said.
GRAND FORKS — Homeownership rates in North Dakota have continued to decline in recent years, according to data published by North Dakota State University’s Center for Social Research. The rate of households that own the homes in which they live is falling across the nation, and it appears North Dakota is no exception to the trend. While owner-occupied housing made up 61.2% of the market in 2024, the CSR’s report showed a decline from 63.7% in 20…