Hankinson, ND—58041
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hankinson, ND
As of Oct '25, the median home price in Hankinson, ND is $170,000, with a year-over-year change of -0.9%. This indicates that home prices in Hankinson, ND are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | -0.9% |
| Single Family | $170,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | -0.7% |
3 Bed | $182,000 | 0.6% |
4 Bed | $224,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hankinson, ND
Hankinson, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hankinson, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Hankinson, ND is 83. This is a decrease of -29.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -1.0% |
Listing Count | 10 | -28.0% |
| Listings as % of Homes | 0.7% | -28.0% |
Days on Market | 83 | -29.0% |
Demographics — Hankinson, ND
As of the latest ACS Survey released in 2023, Hankinson, ND has a population of 1,470, which has decreased by -3.1% over the past 5 years. Hankinson, ND is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,470 | -3.1% |
% Under 18 | 23.9% | -5.2% |
% Seniors | 28.8% | 24.1% |
% WFH | 2.3% | -50.0% |
% w/ College Degree | 18.4% | 3.4% |
As of the latest ACS Survey released in 2023, Hankinson, ND is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Hankinson, ND is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.7% of the population in Hankinson, ND, and this percentage has increased by 16.7% 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 | 89.7% | -3.1% |
% Black | 0.2% | ∞% |
% Hispanic | 2.4% | -14.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Hankinson, ND
According to HUD data as of 2023, there were 32 mortgage originations in Hankinson, ND, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Hankinson, ND. Investor activity is low, as 0.0% 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 | 32 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hankinson, ND
Hankinson, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Hankinson, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $170,000 |
| Median Household Income | $80,400 |