Belfield, ND 58622 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Belfield, ND—58622

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$260,000

10.0% YoY Growth

Household Income

$77,800

14.8% YoY Growth

Days on Market

52.0% Shorter YoY

Home Price Forecast

0.5%

Median Rent

$1,350

38.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$900

30.4% YoY Growth

3-Bed Rent

$1,350

64.4% YoY Growth

Home Price Trends — Belfield, ND

As of May '25, the median home price in Belfield, ND is $242,000, with a year-over-year change of 11.7%. This indicates that home prices in Belfield, ND are increasing. 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	$260,000	10.0%
Single Family	$259,000	9.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Belfield, ND

As of July '25, Rentcast reports the average rent in Belfield, ND is $1,250, with a year-over-year rent change of 38.9%. Per bedroom, the median rent as of July '25 in Belfield, ND is 2-bedrooms: $1,030, 3-bedrooms: $1,430, 4-bedrooms: $1,410. The most common rental property sizes in Belfield, ND are 2-bedroom and 3-bedroom, accounting for 50.4% and 41.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,250
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$900	$1,030
3 Bed Rent	$1,350	$1,430
4 Bed Rent	$1,410	$1,410

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% of Rental Stock

2 Bedrooms

50.4%

3 Bedrooms

41.6%

4 Bedrooms

8.0%

Property Listings — Belfield, ND

As of May '25, Realtor.com reports that the median days on market for a home in Belfield, ND is 149. This is a increase of 6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$258,000	5.0%
Listing Count	3	-66.0%
Listings as % of Homes	0.3%	-66.0%
Days on Market	85	-52.0%

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Demographics — Belfield, ND

As of the latest ACS Survey released in 2023, Belfield, ND has a population of 1,650, which has decreased by -14.2% over the past 5 years. Belfield, ND is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,650	-14.2%
% Under 18	30.6%	0.3%
% Seniors	18.2%	11.0%
% WFH	18.4%	206.7%
% w/ College Degree	22.1%	27.7%

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As of the latest ACS Survey released in 2023, Belfield, ND is a predominantly white area, with 96.4% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Belfield, ND is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.5% of the population in Belfield, ND, and this percentage has decreased by 80.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.4%	1.9%
% Black	0.5%	-76.2%
% Hispanic	1.6%	-46.7%
% Asian	0.0%	N/A
% Foreign Born	0.5%	-80.8%

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Mortgage and Risk — Belfield, ND

According to HUD data as of 2023, there were 45 mortgage originations in Belfield, ND, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Belfield, ND. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	45
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	2.0%
% Second Loans	4.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Belfield, ND

Belfield, ND lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% 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	$960
2 Bedroom	$250	$900	$1,150
3 Bedroom	$260	$1,350	$1,610
4 Bedroom	$520	$1,410	$1,930

Belfield, ND—58622

Key Metrics at a Glance

Home Price Trends — Belfield, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belfield, ND

% of Rental Stock

Property Listings — Belfield, ND

Demographics — Belfield, ND

Race and Ethnicity

Mortgage and Risk — Belfield, ND

Mortgages

Rentals and Section 8 — Belfield, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Belfield, ND

Home Price to Income Ratio

Belfield, ND — ZIP Code Boundary Map

Nearby ZIP Codes

South Heart, ND

Scoria Point, ND

Fairfield, ND

Amidon, ND

Dickinson, ND

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$260,000
Median Household Income	$77,800

Belfield, ND—58622

Key Metrics at a Glance

Home Price Trends — Belfield, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belfield, ND

% of Rental Stock

Property Listings — Belfield, ND

Demographics — Belfield, ND

Race and Ethnicity

Mortgage and Risk — Belfield, ND

Mortgages

Rentals and Section 8 — Belfield, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Belfield, ND

Home Price to Income Ratio

Belfield, ND — ZIP Code Boundary Map

Nearby ZIP Codes

South Heart, ND

Scoria Point, ND

Fairfield, ND

Amidon, ND

Dickinson, ND

Frequently Asked Questions

What is the average home price in Belfield, ND 58622?

How have home prices in Belfield, ND 58622 changed over the past year?

What is the home price projection for Belfield, ND 58622?

What are the demographics of Belfield, ND 58622?

How long does it take homes to sell in Belfield, ND 58622?

What is the average rent price in Belfield, ND 58622?