Richardton, ND—58652
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richardton, ND
As of Oct '25, the median home price in Richardton, ND is $241,000, with a year-over-year change of 9.7%. This indicates that home prices in Richardton, ND are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 9.7% |
| Single Family | $241,000 | 9.0% |
| 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 | $240,000 | 6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richardton, ND
Richardton, 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 — Richardton, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Richardton, ND is 68. This is a decrease of -41.0% 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 | $425,000 | 2.0% |
Listing Count | 5 | 75.0% |
| Listings as % of Homes | 1.3% | 75.0% |
Days on Market | 68 | -41.0% |
Demographics — Richardton, ND
As of the latest ACS Survey released in 2023, Richardton, ND has a population of 1,220, which has decreased by -4.2% over the past 5 years. Richardton, ND is a popular place for families, as children make up 28.9% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,220 | -4.2% |
% Under 18 | 28.9% | 5.9% |
% Seniors | 13.6% | -31.0% |
% WFH | 8.3% | -24.5% |
% w/ College Degree | 26.5% | 16.2% |
As of the latest ACS Survey released in 2023, Richardton, ND is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Richardton, ND is hispanic, making up 3.7% of the population. Foreign-born residents account for 3.4% of the population in Richardton, ND, and this percentage has decreased by 2.9% 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 | 89.6% | -6.3% |
% Black | 0.0% | N/A |
% Hispanic | 3.7% | 117.6% |
% Asian | 0.2% | -87.5% |
% Foreign Born | 3.4% | -2.9% |
Mortgage and Risk — Richardton, ND
According to HUD data as of 2023, there were 21 mortgage originations in Richardton, ND, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Richardton, ND. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Richardton, ND
Richardton, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% 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 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Richardton, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $241,000 |
| Median Household Income | $79,500 |