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Binford

Learn about the people, housing, costs and businesses in Binford, North Dakota

Median Home$119,300
Median Rent$573/month
Population165
Leading IndustriesInformation & Media · Finance & Insurance16% information & media
Young Adults28% of residentsnear the national average
Homeowners77% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Binford
ND

Frequently Asked Questions

What are today's mortgage rates in Binford?

As of today, the 30-year fixed mortgage rate for Binford is approximately 7.070% (7.112% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Binford?

The median home value in Binford is $119k. The median monthly rent is $573. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Binford?

Based on a typical all-in ownership cost of $596/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Binford is $62k/year.

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What industries drive the economy in Binford?

The largest employment sectors in Binford are information and media (16%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.