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Horace

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

Median Home$414,299
Median Rent$2,143/month
Population4,399
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality30% public administration
Home Value Growth⬆⬆+12.4% over 2 years
Young Adults48% of residentstop 1% nationally
Homeowners94% of occupied units
NotableHigh Incomes$139k/year · top 5% nationally
NotableHighly Educated28% bachelor's · 16% graduate · top 12% nationally
Horace
ND

Frequently Asked Questions

What are today's mortgage rates in Horace?

As of today, the 30-year fixed mortgage rate for Horace is approximately 6.953% (6.991% 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 Horace?

The median home value in Horace is $414k. The median monthly rent is $2,143. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Horace?

Home values in Horace have increased 12.4% 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 Horace?

Based on a typical all-in ownership cost of $2,042/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Horace is $139k/year.

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What industries drive the economy in Horace?

The largest employment sectors in Horace are public administration (30%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.