The story of this market
The typical home in Steele County, North Dakota sells for about $187,250, or $105 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 120 days to sell, which is slow. The biggest natural hazard here is strong wind, 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
94
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $4,337,358.
Mortgage activity
Home lending in this county
75.9%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 35 | 22 | 75.9% | 0% | $175,000 |
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 Approval rate is approved ÷ decided (withdrawn and incomplete files excluded).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.
Steele County, North Dakota
Steele County is a small, rural market characterized by low inventory and limited transaction volume. The market is currently classified as a buyer's market due to the supply-demand imbalance typical of low-population agricultural counties.
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 · 4 ZIP reports
Median prices moved down 9.9% year over year.
Homes spend a median of 79 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.16% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 13.3% — a stable, low-distress profile.
Deterministic aggregate of 3 researched ZIP reports of 4 — 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.
Steele County, North Dakota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
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
researched Sep 27
researched Sep 27
researched Sep 27
| 58035 | Galesburg | $245,000 | $142 | +2.1% | 88 | 97.5% | 8.3% | 4 | 12 | $950 | researched Sep 27 |
| 58046 | Hope | $419,976 | $172 | +3.5% | 57 | 98.5% | 18.6% | 3.2 | 83 | $685 | researched Sep 27 |
| 58230 | Finley | $144,500 | $65 | -26.8% | 120 | 96% | 15% | 6 | 23 | $850 | researched Sep 27 |
| 58277 | Sharon | $224,000 | $118 | -6.5% | 62 | 97.5% | 12% | 4.2 | 48 | $850 | 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.
The economy is primarily driven by agriculture and local government services.
Data retrieved from US Census Bureau QuickFacts and Wikipedia
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.