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Casselton

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

Median Home$283,400
Median Rent$819/month
Population2,725
Leading IndustriesFinance & Insurance · Information & Media · Education8% finance & insurance
Home Value Growth+3.6% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners70% of occupied units
Casselton
ND

Frequently Asked Questions

What are today's mortgage rates in Casselton?

As of today, the 30-year fixed mortgage rate for Casselton is approximately 6.983% (7.022% 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 Casselton?

The median home value in Casselton is $283k. The median monthly rent is $819. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Casselton?

Home values in Casselton have increased 3.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $889/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Casselton is $79k/year.

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What industries drive the economy in Casselton?

The largest employment sectors in Casselton are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.