North Dakota house prices
House prices in North Dakota rose 4.8% over the year to 2026 Q2, and are +32.6% over five years. The FHFA index for the state stands at 469.14, against 100 when the series began in 1991.
What the index says
North Dakota is growing faster than the typical state. Its one-year change of +4.8% sits above the median of +2.7%, ranking it #6 of 51. The index is at or close to its record high.
The figure measures price movement, not price level. FHFA builds it from repeat sales and refinancings of the same properties, so it is not distorted by whether expensive or cheap homes happened to change hands in a given quarter. What it cannot tell you is what a house actually costs, which is a separate statistic.
One way to read it: a home worth $400,000 in North Dakota today would have been worth roughly $301,659 five years ago and $256,575 ten years ago, if it tracked the state index exactly. Individual homes and neighbourhoods diverge from a state index considerably.
Fifteen years of the index
Q2 of each year. Source: Federal Housing Finance Agency, House Price Index, purchase-only, quarterly, not seasonally adjusted.
What it costs to borrow
Mortgage rates are set nationally rather than by state. The 30-year average was 6.71% in the week to 2026-09-03. On a $300,000 loan that is 1,938 dollars a month in principal and interest, before tax and insurance.
North Dakota house prices: common questions
Are house prices rising in North Dakota?
Yes. Prices rose 4.8% over the year to 2026 Q2, against a median across all states of +2.7%. North Dakota ranks #6 of 51 for one-year growth.
How much have North Dakota house prices risen over ten years?
+55.9% over ten years and +369.1% since the index began in 1991. In practical terms, a home worth $400,000 today would have been worth roughly $256,575 ten years ago if it tracked the state index exactly.
Is this a price or an index?
An index. FHFA measures how much prices have changed by tracking repeat sales and refinancings of the same properties, which removes the distortion you get from comparing whatever happened to sell in a given quarter. It is the best available measure of price movement, and it deliberately does not tell you what a house costs. For that you need a median sale price, which is a different statistic from a different source.
Have North Dakota prices passed their previous peak?
Yes. The index is at or near its record high, set in 2026 Q2.