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Hankinson

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

Median Home$124,600
Median Rent$710/month
Population946
Leading IndustriesArts, Food & Hospitality · Construction · Professional Services10% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners87% of occupied units
NotableHighly Educated28% bachelor's · 14% graduate · top 12% nationally
NotableAffordable Market$125k median home · lower cost than 82% of the country
Hankinson
ND

Frequently Asked Questions

What are today's mortgage rates in Hankinson?

As of today, the 30-year fixed mortgage rate for Hankinson is approximately 6.852% (6.886% 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 Hankinson?

The median home value in Hankinson is $125k. The median monthly rent is $710. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hankinson?

Home values in Hankinson have increased 21.4% over the past two years. This indicates a strong appreciation trend. 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 Hankinson?

Based on a typical all-in ownership cost of $663/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hankinson is $72k/year.

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What industries drive the economy in Hankinson?

The largest employment sectors in Hankinson are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.