Casselton, ND—58012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Casselton, ND
As of Oct '25, the median home price in Casselton, ND is $312,000, with a year-over-year change of -0.6%. This indicates that home prices in Casselton, ND are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | -0.6% |
| Single Family | $313,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Casselton, ND
As of July '25, Rentcast reports the average rent in Casselton, ND is $774, with a year-over-year rent change of 14.7%. Per bedroom, the median rent as of July '25 in Casselton, ND is 2-bedrooms: $774. The most common rental property sizes in Casselton, ND are 2-bedroom and 1-bedroom, accounting for 56.6% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $774 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $725 | $774 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Casselton, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Casselton, ND is 30. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 0.0% |
Listing Count | 16 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 30 | -16.0% |
Demographics — Casselton, ND
As of the latest ACS Survey released in 2023, Casselton, ND has a population of 2,800, which has increased by 2.1% over the past 5 years. Casselton, ND is a popular place for families, as children make up 28.8% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,800 | 2.1% |
% Under 18 | 28.8% | -11.7% |
% Seniors | 9.3% | -28.5% |
% WFH | 7.8% | 77.3% |
% w/ College Degree | 38.5% | 15.6% |
As of the latest ACS Survey released in 2023, Casselton, ND is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Casselton, ND is hispanic, making up 4.9% of the population. Foreign-born residents account for 0.8% of the population in Casselton, ND, and this percentage has increased by 166.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.4% | -4.5% |
% Black | 1.4% | 100.0% |
% Hispanic | 4.9% | 600.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | 166.7% |
Mortgage and Risk — Casselton, ND
According to HUD data as of 2023, there were 64 mortgage originations in Casselton, ND, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Casselton, ND. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Casselton, ND
Casselton, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 65 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $205 | $725 | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Casselton, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $312,000 |
| Median Household Income | $78,500 |