The story of this market
The typical home in Nelson County, North Dakota sells for about $165,000, or $133 per square foot.
Prices are up +7% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Monthly price momentum
Home values since 2015
+4.6%
ND · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,404
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
92
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $2,977,762.
Mortgage activity
Home lending in this county
72.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 50 | 24 | 72.2% | 0% | $135,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Nelson County, North Dakota
The Nelson County housing market is characterized by very low inventory and limited transaction volume, typical of a rural agricultural county. Home values have seen modest appreciation over the past year, though the market remains highly sensitive to local economic conditions and population trends.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 8 ZIP reports
Median prices moved down 0.5% year over year.
Homes spend a median of 17 days on market with 1.0 months of supply — a fast-moving market.
2% of listings have cut prices · homes sell at 16.12% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.5% — a stable, low-distress profile.
Deterministic aggregate of 6 researched ZIP reports of 8 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 27
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| 58212 | Aneta | $145,000 | $85 | +2.1% | 112 | 96.5% | 8.3% | 6 | 12 | $850 | researched Sep 27 |
| 58228 | Emerado | $165,000 | $112 | +2.1% | 84 | 97.2% | 12.5% | 6.2 | 18 | $737 | researched Sep 27 |
| 58244 | Inkster | — | — | — | — | — | — | — | — | — | researched Sep 27 |
| 58251 | Lakota | $185,000 | $112 | +2.4% | 68 | 97.5% | 12% | 4.7 | 14 | $950 | researched Sep 27 |
| 58259 | Michigan | $125,000 | $78 | +2.4% | 112 | 96.5% | — | 8.2 | 4 | $1,000 | researched Sep 27 |
| 58265 | Neche | $230,000 | $177 | -11.7% | 17 | 102.3% | 16.6% | 6 | 12 | $850 | researched Sep 27 |
| 58272 | Petersburg | $117,900 | $104 | +5.2% | 120 | 96.5% | 10% | 6.5 | 5 | $850 | researched Sep 27 |
| 58282 | Walhalla | $93,000 | $65 | -26.8% | 120 | 96% | 10% | 7.5 | 15 | $634 | researched Sep 27 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Property taxes are assessed at the county level based on local mill rates applied to the taxable value of real property.
The economy is primarily driven by agriculture and local services, with limited industrial diversification.
The county is served by U.S. Highway 2 and several state highways, providing regional connectivity.
The Nelson County assessor manages property valuations for tax purposes in accordance with state law.
Parcels are subject to local school district and county-wide special district levies.
Data derived from U.S. Census Bureau QuickFacts and annual estimates.
Allows for non-judicial foreclosure of real property mortgages through advertisement, subject to statutory notice and redemption requirements.
N.D.C.C. Chapter 35-22
applies when — Qualified individuals including seniors and individuals with permanent disabilities meeting specific income and asset thresholds
Provides a reduction in property tax liability based on income brackets, effectively lowering the tax burden for eligible homeowners.
N.D.C.C. Chapter 57-02
Tax is calculated by multiplying the taxable value by the total millage rate. Taxable value is 4.5% of the true and full (market) value. Formula: (Market Value * 0.50 * 0.09) * (Mills / 1000) or more simply (Market Value * 0.045) * (Mills / 1000).
N.D.C.C. Chapters 57-02 through 57-35
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.