Larimore, ND—58251
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Larimore, ND
As of Oct '25, the median home price in Larimore, ND is $203,000, with a year-over-year change of 1.0%. This indicates that home prices in Larimore, ND are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 1.0% |
| Single Family | $202,000 | 1.5% |
| 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 — Larimore, ND
Larimore, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $695 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $695 | $695 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Larimore, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Larimore, ND is 197. This is a increase of 106.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $209,000 | 4.0% |
Listing Count | 6 | 39.0% |
| Listings as % of Homes | 0.8% | 39.0% |
Days on Market | 197 | 106.0% |
Demographics — Larimore, ND
As of the latest ACS Survey released in 2023, Larimore, ND has a population of 1,960, which has decreased by -3.7% over the past 5 years. Larimore, ND is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,960 | -3.7% |
% Under 18 | 20.3% | -24.3% |
% Seniors | 23.3% | 31.6% |
% WFH | 3.6% | -41.0% |
% w/ College Degree | 25.5% | 16.4% |
As of the latest ACS Survey released in 2023, Larimore, ND is a predominantly white area, with 90.4% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Larimore, ND is hispanic, making up 3.4% of the population. Foreign-born residents account for 4.2% of the population in Larimore, ND, and this percentage has increased by 162.5% 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 | 90.4% | 1.6% |
% Black | 0.5% | 150.0% |
% Hispanic | 3.4% | 30.8% |
% Asian | 0.3% | ∞% |
% Foreign Born | 4.2% | 162.5% |
Mortgage and Risk — Larimore, ND
According to HUD data as of 2023, there were 47 mortgage originations in Larimore, ND, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Larimore, ND. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Larimore, ND
Larimore, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 23.5% |
% Occupied Section 8 | 78.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $235 | $695 | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Larimore, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $203,000 |
| Median Household Income | $93,200 |