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Cathay

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

Median Home$111,000
Median Rent$638/month
Population19
Leading IndustriesTransportation · Education · Arts, Food & Hospitality4% transportation
Family-Friendly28% of residentswell above average
Homeowners88% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Cathay
ND

Frequently Asked Questions

What are today's mortgage rates in Cathay?

As of today, the 30-year fixed mortgage rate for Cathay is approximately 6.863% (6.898% 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 Cathay?

The median home value in Cathay is $111k. The median monthly rent is $638. Annual property taxes average $820. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $566/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cathay is $80k/year.

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What industries drive the economy in Cathay?

The largest employment sectors in Cathay are public administration (15%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.